Car Nation Leases 1,200 Square Feet Retail Space At 602 Sunrise Hwy In Rockville Centre With Landlord Sell-mar Enterprise Inc
602 Sunrise Hwy
Building Size
1,200 SF
Asset Type
Retail
Closing
Jan 1, 2017
AI
The property asset involved in this transaction is a retail space located at 602 Sunrise Hwy in Rockville Centre. The total area of the asset is 1,200 square feet. This lease agreement commenced on January 1, 2017, between the tenant Car Nation and the landlord Sell-mar Enterprise Inc.
Summary of transaction details:
- Property Type: Retail
- Transaction Amount: Not specified
- Address: 602 Sunrise Hwy
- Market: Rockville Centre
- Square Feet: 1200.0
- Tenant: Car Nation
- Landlord: Sell-mar Enterprise Inc.
- Brokers: Thomas Caliendo, Tide Realty Group
Key individuals involved in this agreement include tenant Car Nation, represented by Thomas Caliendo from Tide Realty Group and landlord Sell-mar Enterprise Inc. This transaction reinforces the collaboration between the tenant and the landlord facilitated by the broker's expertise in the retail leasing market.
Players
Rockville Centre 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