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907 South Orange Avenue

Family Dollar Expands And Renews Lease At 907 S Orange Ave In East Orange
LEASEDRetail

Family Dollar Expands And Renews Lease At 907 S Orange Ave In East Orange

907 South Orange Avenue

$21

$21/SF

Building Size

9,985 SF

Asset Type

Retail

Closing

Aug 26, 2022

AI

The retail property located at 907 S Orange Ave in East Orange has been leased. The property has a total area of 9,985 square feet. The landlord, Nathan Hedaya, represents Hedaya 907 South Orange LLC. The tenant for this lease is Family Dollar. The deal includes a new 10-year term and a 1,650 sq ft expansion, bringing the center to 100% occupancy. The asking rent for the property is $21 per square foot.

Summary of transaction details:

  • Property Type: Retail
  • Transaction Amount: Not provided
  • Market: East Orange

The deal was facilitated by brokers Chris Conway from The Goldstein Group, and Danielle Brunelli & Pete Nicholson from R.J. Brunelli.

Players

Christopher Conway

Atlantic Coastal Real Estate

Broker

$12.1M

vol

40 deals

Broker
The Goldstein Group
The Goldstein GroupBrokerage

Nathan Hedaya

Landlord

2 deals

Landlord

Orlando 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

755380.95%

Cash-on-Cash

-215890.19%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93