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1233 Eastern Boulevard
Essex, MD 21221
Asking Price
$4.64M
Cap Rate
7.25%
Asset Type
Shopping Center Retail
Class
Class B
What's Special
Neighborhood Retail | Value-Add Opportunity | 91% Occupied <ul><li><strong>In Demand, Neighborhood Service-Oriented Center with Seasoned Tenants, Strong Credit and Robust Leasing Momentum</strong><ul><li>Eastern Boulevard Shopping Center is 91% occupied by 6 tenants with a weighted average occupancy of 8.1 years</li><li>Boost Mobile, a tenant for almost 11 years, recently extended an additional 3 years, displaying loyalty to the center</li><li>Over 42% of the gross leasable area has been in occupancy for 10+ years, with Lucky Dragon being a tenant f
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NOI
$80,000
Cap Rate
1.72%
DSCR
0.29
Underwater
Cash-on-Cash
-14.05%
Monthly Payment
$22,968.265
Annual Cash Flow
$-195,619.181
