Updated Oct 28, 2024
Flawless Autoleasing Signs Lease For Retail Space In Edison, NJ
540 U.S. 1, Edison, NJ, USA
Building Size
17,404 SF
Asset Type
Retail
Closing
Aug 18, 2021
About this deal
AI
Flawless Autoleasing has recently leased a retail space located at 540 Rt 1 in Central, Edison NJ. The property, spanning approximately 17,404 square feet, was leased from landlord Joe Leiwant. The leasing deal was facilitated by brokers Chris Conway, Lew Finkelstein, and CJ Hunter from The Goldstein Group. The asking rent for the space was $25 per square foot.
Summary of transation details
- Property Type: Retail
- Transaction Amount: Lease
- Date: 08/18/2021
- Address: 540 Rt 1, Central, Edison NJ
- Market: Central, Edison NJ
Chris Conway, Lew Finkelstein, and CJ Hunter from The Goldstein Group represented Flawless Autoleasing as their brokers in this lease transaction. This deal provides Flawless Autoleasing with a retail space in a prime location in Central, Edison NJ, allowing them to expand their business.
Players
Edison 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