Updated Dec 4, 2024
Shaka Kitchen Leases Retail Space In Morristown, NJ From The Silverman Group
62 South Street
Building Size
1,426 SF
Asset Type
Retail
Closing
May 1, 2023
About this deal
AI
The Silverman Group has completed a lease transaction for a retail property located at 62 South Street in Morristown, NJ. The asset, measuring 1,426 square feet, was leased to Shaka Kitchen, a fast casual eatery catering to every dietary need. The lease term is set for 10 years, with an asking rent of $38 per square foot.
Summary of transaction details
- Property Type: Retail
- Transaction Amount: N/A
- Address: 62 South Street, Morristown, NJ
- Market: Morristown, NJ
- Square Footage: 1,426
Shaka Kitchen, represented by Cara DiTommaso from Brown Harris Stevens, brings their exciting new business to the vibrant community of Morristown, NJ.
On the Map
Retail
View full map
Players
Morristown Retail Market Snapshot
Boundary boundary · Retail · Lease transactions
Loading comparables…
Deal FAQ
Visit Cara DiTommaso to view all their deals.
Browse Morristown retail leases on Traded.
Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
417447.37%
Cash-on-Cash
-119307.74%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93