Anthony M Ponte Of Stonegate Real Estate Leases Retail Space To Redefine Meals
100 West Park Avenue
$80
$80/SF
Building Size
900 SF
Asset Type
Retail
Closing
Mar 27, 2024
AI
The retail property located at 100 West Park Avenue in Long Beach has been leased to Redefine Meals. The lease agreement is a Modified Gross Lease with an asking rent of $80 per square foot for a 900 square foot space. The lease term is set for 10 years.
Summary of transaction details:
- Property Type: Retail
- Transaction Amount: Not specified
- Tenant: Redefine Meals
- Broker: Anthony M Ponte - Stonegate Real Estate
- Asking Rent: $80/ft
- Lease Type: Modified Gross Lease
- Lease Term: 10 years
Anthony M Ponte from Stonegate Real Estate represented Redefine Meals in this lease transaction at 100 West Park Avenue, Long Beach.
Long Beach 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