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602 Sunrise Hwy

Car Nation Leases 1,200 Square Feet Retail Space At 602 Sunrise Hwy In Rockville Centre With Landlord Sell-mar Enterprise Inc
LEASEDRetail

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

Thomas Caliendo

Tide Realty Group

Broker

$7.6M

vol

45 deals

Broker
SI
Sell-mar Enterprise Inc.Landlord
CN
Car NationTenant

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