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Maurice Molcho & Ron Molcho Lease Retail Space To Sofia'S Taqueria In Old Bridge

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LEASED
$20

New Jersey

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Retail8,000 SF
Leased 01/05/2024
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Property Image
LEASED

Maurice Molcho & Ron Molcho Lease Retail Space To Sofia'S Taqueria In Old Bridge

3030 Us Route 9

See Similar Deals
Retail8,000 SF
Leased 01/05/2024
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Summary

NEW JERSEY
Asset Type:Retail
Price Per Square Foot:$20
Total Square Footage:8,000 SF
Transaction Type:Lease

The retail property located at 3030 Us Route 9 in Old Bridge, NJ, was leased in a transaction involving Mosaic Diner as the landlord and Sofia'S Taqueria - Bread & Butter Hospitality as the tenant. The lease agreement was facilitated by Maurice Molcho & Ron Molcho of Molcho Realty Group. The lease terms include an asking rent of $20 per square foot for the 8,000 square feet space, with a 15-year lease duration.

Summary of transation details:

  • Property Type: Retail
  • Transaction Amount: Not provided
  • Address: 3030 Us Route 9
  • Market: Old Bridge, NJ
  • Landlord: Mosaic Diner
  • Tenant: Sofia'S Taqueria - Bread & Butter Hospitality
  • Broker: Maurice Molcho & Ron Molcho - Molcho Realty Group
  • Asking Rent: $20/ft.
  • SF: 8,000
  • Lease Term: 15 Year Lease

The lease deal was successfully negotiated with the involvement of Maurice Molcho & Ron Molcho representing the landlord and the tenant, respectively. This agreement brings together Mosaic Diner and Sofia'S Taqueria - Bread & Butter Hospitality in a long-term arrangement that aligns with their business goals in the retail sector.

Players

Maurice Molcho
8 deals$15.2M volume
BROKER

Ron Molcho
Molcho Realty Group
7 deals$15.2M volume
BROKER

Details

LEASED
IMAGE: Maurice Molcho & Ron Molcho DATE: 01/05/2024 ADDRESS: 3030 Us Route 9 MARKET: Old Bridge, NJ ASSET TYPE: Retail LANDLORD: Mosaic Diner TENANT: Sofia'S Taqueria (@SofiasTaqueriaOldBridge ) - Bread & Butter Hospitality BROKER: Maurice Molcho (@Sell.Moe.Homes) & Ron Molcho - Molcho Realty Group (@MolchoRealtyGroup) ASKING RENT: $20/ft. ~ SF: 8,000 LEASE TERM: 15 Year Lease

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Deal Type
Effective Rent (Annual)

$183,422.07

Total Lease Value

$1,834,220.69

Net Landlord Cash Flow$183,422.07