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500 Boulevard Of The Americas

Dime Community Bank Leases Office Space In Lakewood At 500 Boulevard Of The Americas
LEASEDRetail

Dime Community Bank Leases Office Space In Lakewood At 500 Boulevard Of The Americas

500 Boulevard Of The Americas

$130,000

$130,000/SF

Building Size

3,500 SF

Asset Type

Retail

Closing

May 21, 2025

AI

The property asset involved in this transaction is an office located at 500 Boulevard of the Americas in Lakewood. The asset is available for lease under a NNN Lease type, with an asking rent of $35 per square foot for a total area of 3,500 square feet.

Summary of transaction details:

One Real Estate represented Dime Community Bank in securing a premier pad site at 500 Boulevard. Dime Community Bank's expansion into Lakewood signifies a strategic commitment to long-term growth and an enhanced community presence, backed by over 150 years of banking experience.

Players

Chaya Klein

One Real Estate

Broker

$17.1M

vol

5 deals

Broker
Dime Community Bank
Dime Community BankTenant

Lakewood 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

122.02%

Cash-on-Cash

-34.87%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93