Quest Diagnostics Leases Retail Space In Hazlet, NJ For 2080 SF
3010 Nj-35, Hazlet, NJ, 07730
Building Size
2,080 SF
Asset Type
Retail
Closing
Nov 20, 2023
AI
Located at 3010 Nj-35, Hazlet, NJ, 07730, the retail property spans 2080 square feet in the Hazlet market. The landlord, OASG Hazlet LLC/Onyx Equities, secured a lease with the tenant, Quest Diagnostics, represented by Lew Finkelstein of The Goldstein Group.
Summary of transaction details:
- Property Type: Retail
- Transaction Amount: Not specified
- Landlord's Rep: Lew Finkelstein (The Goldstein Group)
- Tenant: Quest Diagnostics
- Square Feet: 2080
Eight tenants, including Quest Diagnostics, have recently leased a total of more than 42,000 square feet of retail space in northern and central New Jersey. One of the recent completions involved GTL Construction's 8,400-square-foot lobby renovation in downtown New Brunswick. The Goldstein Group facilitated these transactions, with their efforts resulting in multiple successful lease agreements in the region.
Players
Hazlet Retail Market Snapshot
Boundary boundary · Retail · Lease transactions
Loading comparables…
Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
5.80%
Cash-on-Cash
-1.66%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93