Ranna Management Leases Retail Space In Mahwah's Franklin Turnpike With Landlord Chris Conway - CLF Property Trust LLC
LEASED
New Jersey
See Similar DealsRetail38,000 SF
Leased 05/23/2022
LEASED
Ranna Management Leases Retail Space In Mahwah's Franklin Turnpike With Landlord Chris Conway - CLF Property Trust LLC
97 Franklin Turnpike, Mahwah, New Jersey 07430, United States
See Similar DealsRetail38,000 SF
Leased 05/23/2022
Summary
NEW JERSEY
Asset Type:Retail
Total Square Footage:38,000 SF
Transaction Type:Lease
A retail property located at 97-99 Franklin Turnpike in Mahwah has been leased to Ranna Management. The property spans 6 acres and features approximately 38,000 square feet of space. The lease was assumed by the purchaser of the business, who also exercised an option period.
Summary of transaction details:
- Property Type: Retail
- Transaction Amount: Not specified
- Address: 97-99 Franklin Turnpike, Mahwah
- Market: Mahwah
- Landlord: Chris Conway - CLF Property Trust LLC
- Tenant: Ranna Management
- Asking Rent: $12.76/ft.
- Square Footage: 38,000
- Date: 05/23/2022
This lease transaction was facilitated by Chris Conway of CLF Property Trust LLC as the landlord's representative.
Details
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Deal Type
NNN (Triple Net)
Effective Rent (Annual)
$2,178,137.07
Total Lease Value
$21,781,370.69
Net Landlord Cash Flow$2,178,137.07
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