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38 Farm View, Montvale, NJ,...

First Watch Leases 3669 Square Feet At 38 Farm View In Montvale New Jersey With Tenant's Rep Amy Staats And Hugh Scullin
LEASEDRetail

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

Amy Staats

Katz & Associates

Broker

4 deals

Broker

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