LEASEDRetail
Capriotti's Leases 1,500 Square Feet Retail Space At 253 Middle Country Rd Selden
253 Middle Country Rd
Building Size
1,500 SF
Asset Type
Retail
Closing
Jan 1, 2023
About this deal
AI
The property asset involved in this transaction is a retail space located at 253 Middle Country Rd in Selden. The asset comprises a total square footage of 1500.0. This lease transaction was finalized on January 1, 2023.
Summary of transaction details:
- Property Type: Retail
- Transaction Amount: Not disclosed
- Address: 253 Middle Country Rd
- Market: Selden
- Square Feet: 1500.0
- Tenant: Capriotti's
- Landlord: Miller Realty Association
- Broker: Thomas Caliendo, Tide Realty Group
This deal involved key individuals such as Thomas Caliendo representing Tide Realty Group, who facilitated the lease arrangement between Capriotti's and the landlord, Miller Realty Association. These parties were instrumental in finalizing the terms of the lease at the mentioned retail location.
Players
Selden 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