Levin Management Leases Retail Space At Somerset County Shopping Center To Strand Salon Suites
395 US-202 - Somerset County Shopping Center
$25
$25/SF
Building Size
12,124 SF
Asset Type
Retail
Closing
Apr 19, 2023
AI
The Somerset County Shopping Center in Bridgewater, NJ has recently leased a retail space. The property, consisting of 12,124 square feet, is located at 395 US-202. This lease transaction was facilitated by Levin Management as the landlord and the tenant is Strand Salon Suites. The lease term for this retail space is a 10-year lease.
Summary of transaction details:
- Property Type: Retail
- Transaction Amount: Not specified
- Address: 395 US-202, Somerset County Shopping Center, Bridgewater, NJ
- Market: Bridgewater, NJ
- Tenant: Strand Salon Suites
- Tenant's Representative: Shane Wierks - Jeffery Realty
- Asking Rent: $25 per square foot
- Lease Term: 10 years
The tenant, Strand Salon Suites, is represented by Shane Wierks from Jeffery Realty. This lease transaction was made possible through the collaboration of Levin Management, the landlord, and Strand Salon Suites, the tenant. The retail space, located within the Somerset County Shopping Center, offers a prime location in Bridgewater, NJ.
Players
New York 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
634520.00%
Cash-on-Cash
-181347.76%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93