Ritual Fitness Leases 3206 Square Feet At Allendale Town Center With Broker Kevin Pelio
49 West Allendale Avenue
Building Size
3,206 SF
Asset Type
Retail
Closing
Jan 14, 2025
AI
The property asset involved in this lease transaction is a retail space located at 49 West Allendale Avenue in Allendale, Bergen County. The space measures 3,206 square feet and is part of the Allendale Town Center, which has a total area of 79,374 square feet. This shopping center is anchored by Acme supermarket.
Summary of transaction details:
- Property Type: Retail
- Transaction Amount: Not disclosed
- Tenant: Ritual Fitness
- Broker: Kevin Pelio - Azarian Realty Group
Ritual Fitness has secured this location as its first establishment, which highlights the company's expansion efforts in the Bergen County area. Kevin Pelio of Azarian Realty Group played a crucial role in facilitating this lease deal.
Players
Allendale 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