First Watch Leases 3669 Square Feet At 38 Farm View In Montvale New Jersey With Tenant's Rep Amy Staats And Hugh Scullin
38 Farm View, Montvale, NJ, 07645
Building Size
3,669 SF
Asset Type
Retail
Closing
Feb 14, 2020
AI
The property located at 38 Farm View, Montvale, NJ, 07645 is a restaurant space leased to First Watch, encompassing a total area of 3,669 square feet. This leased space is situated within The Shoppes at DePiero Farm, contributing to its market presence in Montvale.
Summary of transaction details:
- Property Type: Lease
- Transaction Amount: Not disclosed
- Address: 38 Farm View, Montvale, NJ, 07645
- Market: Montvale
- Tenant: First Watch
- Landlord: Unknown
- Tenant's Representative: Hugh Scullin, Amy Staats, Katz & Associates
- Landlord's Representative: Brian Silbert, Silbert Realty and Management
- Square Feet: 3,669
This transaction marks the fourth location in New Jersey and the ninth overall for which representatives Hugh Scullin and Amy Staats have facilitated First Watch's lease agreements. Brian Silbert acted on behalf of the property, contributing to the management and leasing process.
Players
Montvale 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