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:
- Property Type: Retail
- Transaction Amount: Not Disclosed
- Tenant: The Learning Experience
- Landlord: Devimy Equities
- Square Feet: 10,000
- Tenant's Rep: Nick Vanella
- Landlord's Rep: Mark Handwerker (The Goldstein Group)
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
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