Big Blue Swim School Leases 9,746 SF At Shoppes At North Brunswick
650 Shoppes Blvd North Brunswick Township, Nj 08902, Usa
$20
$20/SF
Building Size
9,746 SF
Asset Type
Retail
Closing
May 10, 2023
AI
Big Blue Swim School has leased 9,746 square feet at the Shoppes at North Brunswick, located at 650 Shoppes Blvd. This lease transaction adds to the shopping center's diverse mix of specialty stores, fitness facilities, and restaurants and brings the center's occupancy to 94%.
Summary of transaction details
- Property Type: Retail
- Address: 650 Shoppes Blvd
Big Blue Swim School has chosen the Shoppes at North Brunswick as the location for their third facility in New Jersey. Azarian Realty Co facilitated the lease deal, representing the landlord and securing the tenant for the retail space. The addition of Big Blue Swim School further enhances the offerings of the shopping center, catering to the community's demand for recreational and educational facilities.
Players
New Jersey 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
793150.00%
Cash-on-Cash
-226684.70%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93