Jerry Stefanitsis Leases Retail Space To Don Coqui At 541 River Road In Edgewater
LEASED
$53
New Jersey
See Similar DealsRetail10,400 SF
Leased 07/18/2024
LEASED
Jerry Stefanitsis Leases Retail Space To Don Coqui At 541 River Road In Edgewater
541 River Road
See Similar DealsRetail10,400 SF
Leased 07/18/2024
Summary
NEW JERSEY
Asset Type:Retail
Price Per Square Foot:$53
Total Square Footage:10,400 SF
Transaction Type:Lease
The retail property, located at 541 River Road in Edgewater, encompasses a total of 10,400 square feet. The lease is structured as a Double Net Lease, with an asking rent of $53 per square foot.
Summary of transaction details:
- Property Type: Retail
- Transaction Amount: $10,400
- Landlord: Jerry Stefanitsis
- Tenant: Don Coqui
- Broker: Tom Bouklis - Bouklis Group Real Estate
- Lease Type: Double Net Lease
Tom Bouklis of Bouklis Group Real Estate represents the landlord, Jerry Stefanitsis, in this lease transaction involving Don Coqui as the tenant. The agreement reflects a notable engagement in the Edgewater market, facilitating a commercial relationship between the parties.
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Deal Type
NNN (Triple Net)
Effective Rent (Annual)
$631,889.03
Total Lease Value
$6,318,890.28
Net Landlord Cash Flow$631,889.03
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