LEASEDRetail
Discount Bedroom Furniture Leases Retail Space At 405 US Highway 9 In Monmouth County
405 U.S. 9, Englishtown, Monmouth County, NJ, USA
Building Size
31,000 SF
Asset Type
Retail
Closing
Jan 7, 2021
AI
The lease transaction for the retail property located at 405 US Highway 9 in Monmouth County has been completed. The property spans approximately 31,000 square feet and is owned by 405 US 9 LLC.
Summary of transation details
- Property Type: Retail
- Asking Rent: $20/ft.
The tenant for this lease is Discount Bedroom Furniture. The broker representing the deal is James Sebastian Chiarello.
Players
Englishtown 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