Updated Oct 29, 2024
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
About this deal
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.
On the Map
Retail
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Hazlet Retail Market Snapshot
Boundary boundary · Retail · Lease transactions
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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