LEASEDRetail
AW Holdings Leases Retail Space At 461-469 West St In Fort Lee, NJ
461-469 West St, Fort Lee, NJ 07024, USA
Building Size
13,385 SF
Asset Type
Retail
Closing
Jan 7, 2021
AI
The property involved in this transaction is a retail asset located at 461-469 West St in Fort Lee, NJ. The lease was signed on 01/08/2021.
Summary of transation details:
- Property Type: Retail
- Address: 461-469 West St, Fort Lee, NJ
- Tenant: AW Holdings
- Landlord: Dae Hung America Corp
- Tenant's Rep: Colby Piper & Michael Rawlins
- Asking Rent: $60/ft.
- Square Footage: 13,385 sq ft
The tenant, AW Holdings, was represented by Colby Piper and Michael Rawlins in this deal.
Players
Fort Lee 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