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32 Fifth Ave, St Peters Sa ...

Hidrock Properties Leases Mixed-Use Space To DRNK Coffee & Tea | QWENCH Juice Bar At 32 Fifth Avenue In Barclays Center, Park Slope
LEASEDMixed-use

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

Sherry Sanchez

Resolut Re

Broker

3 deals

Broker
Hidrock Properties
Hidrock PropertiesLandlord

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