Updated Oct 29, 2024
Playa Bowls Leases Retail Space At 796 Bloomfield Ave, West Caldwell, NJ
796 Bloomfield Ave, West Caldwell, NJ...
Building Size
1,700 SF
Asset Type
Retail
Closing
Nov 20, 2023
About this deal
AI
The retail property located at 796 Bloomfield Ave in West Caldwell, NJ, spanning 1700 square feet, was leased to Playa Bowls. The tenant was represented by Marc Palestina of The Goldstein Group in this transaction.
Summary of transation details:
- Property Type: Retail
- Transaction Amount: Not specified
- Tenant: Playa Bowls
- Tenant's Representative: Marc Palestina (The Goldstein Group)
- Market: West Caldwell
The transactions, totaling more than 8,500 square feet, include four additional locations secured by Playa Bowls in New Jersey. The Goldstein Group, with Marc Palestina representing the tenant, facilitated these deals.
Players
West Caldwell 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