Listed by Alpine Mc Realty LLC
$1,850,000
Bergen Plaza LLC
Details
Property Type Retail
Sub Type Storefront
Square Footage 6,000
Net Rentable (SqFt) 6,000
Units 5
Cap Rate 6.16%
NOI $114,000
Occupancy 80%
Tenancy Multi
Lease Type Gross
Lease Term 9
Lease Expiration 11/30/2029
Remaining Term 3.5
Rent Bumps Yes
Lease Options 5
Price per SqFt $308
Class A
Year Renovated 2000
Buildings 1
Stories 1
Lot Size (SqFt) 16,000
Zoning retail
Parking Spaces 13 spaces
Parking Per SqFt 2.17
Investment Type Value Add
Lease Commencement 12/01/2020
Occupancy Date 12/15/2025
Ground Lease No
Shopping mall
Marketing description
Prime solid strip mall commercial investment property located in high traffic volume street. All 4 of 5 retail unit leased. Tenant pays own utilities. Cap rate approx. 6%
Investment highlights
Prime solid strip mall commercial investment property located in high traffic volume street. All 4 of 5 retail unit leased. Tenant pays own utilities. Cap rate approx. 6%
Listing Contacts
Listed by Alpine Mc Realty LLC
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Loan Amount
$0.00
Annual Debt Service
$--
$--
Annual Cash Flow
$114,000.00
$9,500.00/mo
Valuation Metrics
0
DSCR
6.16%
Cap Rate
6.16%
ROI
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