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:
- Property Type: Retail
- Transaction Amount: Not Applicable
- Landlord's Representative: Mark Handwerker (The Goldstein Group)
- Tenant: Kumon Learning Centers
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
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