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57 West Main Street

Fashion Ramsey Nail Spa Corp Leases 3,000 SF Retail Space In Ramsey Shopping Center
LEASEDRetail

Fashion Ramsey Nail Spa Corp Leases 3,000 SF Retail Space In Ramsey Shopping Center

57 West Main Street

Building Size

3,000 SF

Asset Type

Retail

Closing

Oct 12, 2023

AI

A 3,000-square-foot retail lease has been brokered by NAI James E. Hanson at Ramsey Shopping Center in Ramsey. The lease was secured by Fashion Ramsey Nail Spa Corp, who will be providing nail care and massage services at the prime location. The property's ownership was represented by NAI James E. Hanson, taking advantage of Ramsey's strategic positioning near major transportation hubs and the Garden State Parkway.

Summary of transaction details

  • Property Type: Retail
  • Transaction Amount: Not specified
  • Address: 57 West Main Street, Ramsey
  • Market: Ramsey
  • Tenant: Fashion Ramsey Nail Spa Corp
  • Brokers: Darren Lizzack, Randy Homing, Ron Fotiu - NAI James E. Hanson

NAI James E. Hanson played a crucial role in facilitating the retail lease at Ramsey Shopping Center. Their expertise and representation of the property's ownership ensured that Fashion Ramsey Nail Spa Corp secured a prime location for their nail care and massage services. The strategic location of the property in close proximity to major transportation hubs and the Garden State Parkway makes it an ideal choice for Fashion Ramsey Nail Spa Corp.

Players

Darren Lizzack

The Clinical Group

Broker

$63M

vol

18 deals

Broker

Ramsey 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