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:
- Property Type: Office
- Transaction Amount: $122,500
- Lease Type: NNN Lease
- Landlord: Josh Schmukler
- Tenant: Dime Community Bank
- Broker: Chaya Klein - One Real Estate
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
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