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4175 Us-130, Edgewater Park...

Devimy Equities Leases Retail Space To The Learning Experience In Edgewater Park
LEASEDRetail

Devimy Equities Leases Retail Space To The Learning Experience In Edgewater Park

4175 Us-130, Edgewater Park, NJ, 080...

Building Size

10,000 SF

Asset Type

Retail

Closing

Nov 20, 2023

AI

An early education chain is expanding in Burlington County with the recent completion of a 10,000-square-foot lease at 4175 Route 130 in Edgewater Park. The property, located in the Beverly market, serves as a new location for The Learning Experience, a daycare center for children aged six weeks to six years.

Summary of transaction details:

The Goldstein Group, represented by Executive Vice President Mark Handwerker, facilitated the lease transaction between Devimy Equities and The Learning Experience. Nick Vanella acted as the tenant's representative in the deal, bringing the parties together for the successful completion of the agreement.

Players

Mark Handwerker

The Goldstein Group

Broker

7 deals

Broker

Nick Vanella

Broker

$11.8M

vol

6 deals

Broker
The Learning Experience
The Learning ExperienceTenant

Beverly 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