Th Plasma Signs 10-Year NNN Lease For Retail Space In East Orange
907 South Orange Avenue & 907 South Orange Avenue, East Orange, New Jersey 07018, United States
Building Size
8,000 SF
Asset Type
Retail
Closing
Feb 1, 2022
AI
The retail property located at 907 South Orange Ave in East Orange has recently been leased. The lease transaction was finalized on 02/02/2022. The asset spans across 4,000 square feet and offers a NNN lease type for a duration of 10 years.
Summary of Transaction Details
- Property Type: Retail
- Asking Rent: $22.50/ft.
- Square Footage: 4,000
- Lease Type: NNN Lease
- Lease Terms: 10 Years
The landlord for this property is Nathan Hedaya. The tenant who has leased the space is Th Plasma. The deal was facilitated by Chris Conway from The Goldstein Group.
Players
East Orange 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