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51-15 Beach Channel Dr

Arker Companies Leases Retail Space To Shop Fair Supermarkets At 51-15 Beach Channel Dr In Far Rockaway
LEASEDRetail

Arker Companies Leases Retail Space To Shop Fair Supermarkets At 51-15 Beach Channel Dr In Far Rockaway

51-15 Beach Channel Dr

$35

Building Size

Asset Type

Retail

Closing

Dec 8, 2022

AI

The retail property located at 51-15 Beach Channel Dr in Far Rockaway has been leased in a recent transaction. The landlord, Arker Companies, has entered into an agreement with the tenant, Shop Fair Supermarkets. The property spans approximately 18,000 square feet and was leased for an asking rent of $40 per square foot.

Summary of transaction details

  • Property Type: Retail
  • Transaction Amount: Lease
  • Address: 51-15 Beach Channel Dr
  • Market: Far Rockaway

Brian Doyle and Greg Parassio from Booth Street represented both the landlord, Arker Companies, and the tenant, Shop Fair Supermarkets, in this lease deal.

If you're interested in placing a supermarket for your property, please reach out to Greg Parassio at [email protected] or Brian Doyle at [email protected].

Players

Brian Doyle

Booth Street

Broker

9 deals

Broker
AC
Arker CompaniesLandlord
SS
Shop Fair SupermarketTenant

Market 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

453228.57%

Cash-on-Cash

-129534.12%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93