Renaissance Properties Leases 2,350 SF Retail Space To RPM Dance Company At 90 Saddle Way
90 Saddle Way Crosswicks, New Jersey 08515, USA
Building Size
2,350 SF
Asset Type
Retail
Closing
Aug 18, 2023
AI
The Shops at Old York Village in Chesterfield has recently welcomed a new tenant, RPM Dance Company. Led by owner Rachel Mancino, RPM Dance Company offers a variety of dance classes for all ages. With a focus on fostering growth and artistic expression, the studio provides a welcoming environment for dancers of diverse styles.
Summary of transaction details
- Property Type: Retail
- Transaction Amount: Not specified
- Square Footage: 2,350 SF
- Address: 90 Saddle Way, Unit 200, Chesterfield
- Market: Chesterfield
- Landlord: Renaissance Properties - Robert Adinolfi
- Tenant: RPM Dance Company - Rachel Mancino
Rachel Mancino is the owner and lead instructor at RPM Dance Company. She brings her passion for dance to the studio and aims to create a welcoming and inclusive atmosphere for students of all ages. The addition of RPM Dance Company to the Shops at Old York Village enhances the variety of offerings available at the retail center, providing a new opportunity for residents of Chesterfield and beyond to explore their love for dance.
Players
Chesterfield Retail Market Snapshot
Boundary boundary · Retail · Lease transactions
Loading comparables…
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