JEMB Realty Leases Retail Space At 1 Park Point To Hook'd On Pets Amal Pilates Milk & Honey
1 Park Avenue
$80
$80/SF
Building Size
6,188 SF
Asset Type
Retail
Closing
Jun 30, 2025
About this deal
AI
The property involved in this transaction is located at 1 Park Point in Windsor Terrace. This retail asset has a square footage of 6,188 and the asking rent is set at $80 per square foot. The lease is structured as a Modified Gross Lease with a term of 10 years.
Summary of transaction details:
- Property Type: Retail
- Transaction Amount: $80/ft
- Lease Term: 10 Years
- Lease Type: Modified Gross Lease
- Landlord: JEMB Realty
- Tenants: Hook'd On Pets, Amal Pilates, Milk & Honey
- Brokers: Fredy Halabi, Joy Vitale & Avi Akiva - Tri State Commercial Realty
This transaction is represented by brokers Fredy Halabi, Joy Vitale, and Avi Akiva from Tri State Commercial Realty, facilitating the lease agreement between JEMB Realty and the tenants. Each broker plays a crucial role in ensuring the successful execution of this lease deal.
On the Map
$80
$80/SF
Retail
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Players
Freeport 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
198287.50%
Cash-on-Cash
-56671.18%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93