Updated Oct 12, 2026
Marino's Fine Foods Leases Retail Space In Berkeley Heights, NJ
408 Springfield Avenue, Berkeley Heights, NJ, USA
Building Size
5,000 SF
Asset Type
Retail
Closing
Sep 14, 2021
About this deal
AI
Marino's Fine Foods has secured a lease for a retail space located at 408 Springfield Avenue in Berkeley Heights, NJ. The property, spanning 5,000 square feet, was leased from the landlord, Berkeley Development CO.LP. The deal was facilitated by Chris Conway from The Goldstein Group.
Summary of transaction details
- Property Type: Retail
- Transaction Date: 09/14/2021
- Address: 408 Springfield Avenue, Berkeley Heights, NJ
- Market: Berkeley Heights, NJ
- Asking Rent: $25/ft.
- Square footage: 5,000
The lease transaction was successfully negotiated by Chris Conway, representing Marino's Fine Foods, and The Goldstein Group acting as their brokerage agency. The deal showcases Marino's Fine Foods' commitment to expanding their presence in the Berkeley Heights retail market.
On the Map
Retail
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Berkeley Heights 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