Hidrock Properties Leases Mixed-Use Space To DRNK Coffee & Tea | QWENCH Juice Bar At 32 Fifth Avenue In Barclays Center, Park Slope
32 Fifth Ave, St Peters Sa 5069, Australia
Building Size
1,100 SF
Asset Type
Mixed-use
Closing
Mar 9, 2020
AI
The property asset involved in this transaction is a mixed-use building located at 32 Fifth Avenue, situated in the Barclays Center market of Park Slope. The transaction involved an asking price of $142 for a total square footage of 1,100.
Summary of transaction details:
- Property Type: Mixed-use
- Transaction Amount: $142
- Address: 32 Fifth Avenue
- Market: Barclays Center, Park Slope
- Tenant: DRNK coffee + tea, QWENCH juice bar
- Landlord: Hidrock Properties
- Landlord’s Rep: Steven J. Hidary – Hidrock Properties
- Tenant’s Rep: Sherry Sanchez
The individuals involved in this transaction include Steven J. Hidary, representing the landlord, Hidrock Properties, and Sherry Sanchez, who represents the tenant. Their roles were pivotal in facilitating the deal between the landlord and the tenants of the property.
Players
Adelaide Mixed-use Market Snapshot
Boundary boundary · Mixed-use · 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