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3253 Nj-35, Hazlet, NJ, 07730

Kumon Learning Centers Leases Hazlet Retail Space At 3253 Nj-35
LEASEDRetail

Kumon Learning Centers Leases Hazlet Retail Space At 3253 Nj-35

3253 Nj-35, Hazlet, NJ, 07730

Building Size

1,200 SF

Asset Type

Retail

Closing

Nov 20, 2023

AI

The retail property located at 3253 Nj-35 in Hazlet, NJ, 07730 offers 1,200 square feet of space. The landlord, Hazbro Realty LLC, facilitated a lease agreement with Kumon Learning Centers, representing the tenant, for this retail asset.

Summary of transaction details:

Eight tenants have combined to lease over 42,000 square feet of retail space across northern and central New Jersey. The Goldstein Group, with Mark Handwerker as their representative, played a pivotal role in brokering these deals, showcasing a strong presence and influence in the New Jersey commercial real estate market.

Players

Mark Handwerker

The Goldstein Group

Broker

7 deals

Broker

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