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3010 Nj-35, Hazlet, NJ, 07730

Quest Diagnostics Leases Retail Space In Hazlet, NJ For 2080 SF
LEASEDRetail

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:

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

Lew Finkelstein

VanRockCRE

Broker

$125.9M

vol

31 deals

Broker
Onyx Equities
Onyx EquitiesLandlord
QD
Quest DiagnosticsTenant

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