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Home Power Yoga Leases Retail Space At 333 Springfield Avenue In Summit For Second Location
LEASED
New Jersey
See Similar DealsRetail3,300 SF
Leased 11/08/2024
LEASED
Home Power Yoga Leases Retail Space At 333 Springfield Avenue In Summit For Second Location
333 Springfield Avenue
See Similar DealsRetail3,300 SF
Leased 11/08/2024
Summary
NEW JERSEY
Asset Type:Retail
Price Per Square Foot:$0
Total Square Footage:3,300 SF
Transaction Type:Lease
The retail asset located at 333 Springfield Avenue encompasses a total of 3,300 square feet and is situated in downtown Summit. The space has been leased by Home Power Yoga, which is establishing its second location in an upscale business district surrounded by affluent communities.
Summary of transaction details:
- Property Type: Retail
- Transaction Amount: Not specified
- Address: 333 Springfield Avenue
- Market: Summit
- Asset Size: 3,300 square feet
- Tenant: Home Power Yoga
- Brokers: Marcy Gross & Matthew Leonelli - Sheldon Gross Realty
The lease transaction was facilitated by the brokerage firm Sheldon Gross Realty, with Marcy Gross and Matthew Leonelli representing the interests of Home Power Yoga in the deal. This marks a significant expansion for the tenant in the retail market of Summit.
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Deal Type
NNN (Triple Net)
Effective Rent (Annual)
$189,154.01
Total Lease Value
$1,891,540.09
Net Landlord Cash Flow$189,154.01
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