Maurice Molcho & Ron Molcho Lease Retail Space To Sofia'S Taqueria In Old Bridge
3030 Us Route 9
$20
$20/SF
Building Size
8,000 SF
Asset Type
Retail
Closing
Jan 5, 2024
AI
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
Market 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
793150.00%
Cash-on-Cash
-226684.70%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93