Delta's Newark Leases 8,500 SF Retail Space At 810 Broad Street In Newark, NJ
LEASED
$24
+ 2
New Jersey
See Similar DealsRetail8,500 SF
Leased 02/01/2023
LEASED
Delta's Newark Leases 8,500 SF Retail Space At 810 Broad Street In Newark, NJ
810 Broad Street
See Similar DealsRetail8,500 SF
Leased 02/01/2023
+ 2
Summary
NEW JERSEY
Asset Type:Retail
Price Per Square Foot:$24
Total Square Footage:8,500 SF
Transaction Type:Lease
The retail property located at 810 Broad Street in Newark, NJ has been leased. The landlord, Broad Street Ventures Urban Renewal, has entered into a lease agreement with the tenant, DELTA'S NEWARK. The lease term is for 10 years.
Summary of transaction details
- Property Type: Retail
- Asking Rent: $24/ft
- Size: 8,500 sq ft
- Address: 810 Broad Street, Newark, NJ
- Market: Newark, NJ
The lease was facilitated by the brokers Christian Benedetto Jr., Jason Crimmins (SIOR, CCIM), Alessandro Conte (SIOR, CCIM), Michael Schipper (SIOR), and Peter Murano (SIOR) from The Blau & Berg Company. They represented both the landlord and the tenant in the deal.
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Deal Type
NNN (Triple Net)
Effective Rent (Annual)
$233,863.14
Total Lease Value
$2,338,631.38
Net Landlord Cash Flow$233,863.14
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