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441 Chestnut Ridge Road

Updated Dec 4, 2024

Ethan Allen Leases 4700 SF Retail Space At Tice’s Corner Marketplace In Woodcliff Lake
LEASEDRetail

Ethan Allen Leases 4700 SF Retail Space At Tice’s Corner Marketplace In Woodcliff Lake

441 Chestnut Ridge Road

Building Size

4,700 SF

Asset Type

Retail

Closing

Oct 2, 2024

About this deal

AI

The asset involved in this transaction is a retail property located at 441 Chestnut Ridge Road, Woodcliff Lake, New Jersey, spanning an area of 4,700 square feet. It is part of Tice’s Corner Marketplace, which hosts over two dozen retailers within an upscale shopping center environment.

Summary of transaction details:

In this transaction, Ethan Allen has signed a lease to occupy the space, expanding its presence to more than 170 stores across the nation. The location was selected for its potential to cater to an expanding customer base, which supports the strategic growth plans of the tenant.

Players

CJ Huter

VanRockCRE

Broker

$119.7M

vol

25 deals

Broker

Woodcliff Lake 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

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