Panera Bread Leases Retail Space In Hazlet To OASG Equities
3010 Nj-36, Hazlet, NJ, 07730
Building Size
4,850 SF
Asset Type
Retail
Closing
Nov 20, 2023
AI
The retail property at 3010 Nj-36, Hazlet, NJ, 07730, located in Hazlet, encompasses 4,850 square feet and is leased by Panera Bread. The landlord, OASG Equities, was represented by Lew Finkelstein of The Goldstein Group as the landlord's rep in the deal.
Summary of transaction details:
- Property Type: Retail
- Transaction Amount: Not specified
- Tenants: Panera Bread
- Landlord's Representative: Lew Finkelstein (The Goldstein Group)
Among the recent transactions by The Goldstein Group, another lease includes Sherwin-Williams leasing 5,000 square feet in Maplewood, represented by Neil Goldstein. This deal was between Sherwin-Williams and 1802 Springfield LLC. The Goldstein Group also facilitated leases for Kessler Rehabilitation Center and Popeye’s in different locations through their experienced representatives.
Players
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