Updated Oct 29, 2024
Tru Health Inc Leases Retail Space At 81 Broad Street In Elizabeth
81 Broad St, Eatontown, NJ 07724, USA
Building Size
18,000 SF
Asset Type
Retail
Closing
Jan 14, 2021
About this deal
AI
Tru Health Inc, a retail tenant, has recently leased the property located at 81 Broad Street in Elizabeth. The property, spanning over 18,000 square feet, is owned by MIRL Realty Associates LLC. The lease transaction was facilitated by brokers Chris Conway of retail_cre, Lew Finkelstein, and CJ Huter.
Summary of transaction details
- Property Type: Retail
- Transaction Amount: Not specified
- Address: 81 Broad Street
- Market: Elizabeth
This lease deal involved Tru Health Inc, a single tenant that has occupied all three floors of the property. The exact rent has not been mentioned, however, the asking rent stood at $30 per square foot. The transaction took place on January 15, 2021.
Players
Eatontown 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