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253 Middle Country Rd

Capriotti's Leases 1,500 Square Feet Retail Space At 253 Middle Country Rd Selden
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

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:

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

Thomas Caliendo

Tide Realty Group

Broker

$7.6M

vol

45 deals

Broker
MA
Miller Realty AssociationLandlord
C
Capriotti'sTenant

Selden Retail Market Snapshot

Boundary boundary · Retail · Lease transactions

Loading comparables…

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