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1 Evertrust PLZ, Jersey Cit...

Evertrust Plaza Leases 19275 Square Feet In Jersey City With Garrett Rioux And Geoffrey Schubert As Representatives
LEASED

Evertrust Plaza Leases 19275 Square Feet In Jersey City With Garrett Rioux And Geoffrey Schubert As Representatives

1 Evertrust PLZ, Jersey City, NJ, 07302

Building Size

19,275 SF

Asset Type

Closing

Nov 20, 2023

AI

The property asset involved in this transaction is located at 1 Evertrust PLZ, Jersey City, NJ, 07302. This lease transaction involves a space totaling 19,275 square feet and is situated in the Jersey City market.

Summary of transaction details:

  • Property Type: Lease
  • Transaction Amount: Not specified
  • Address: 1 Evertrust PLZ, Jersey City, NJ, 07302
  • Market: Jersey City
  • Square Feet: 19,275
  • Landlord: Evertrust Plaza
  • Tenant's Rep: Garrett Rioux-CBRE
  • Landlord's Rep: Geoffrey Schubert-CBRE

The key individuals involved in this transaction include Garrett Rioux, who represents the tenant, and Geoffrey Schubert, who represents the landlord. Both representatives are affiliated with CBRE, underscoring their roles in facilitating the lease agreement between the parties involved.

Players

Geoffrey Schubert

Lee & Associates

Broker

$23M

vol

4 deals

Broker

Jersey City CRE Market Snapshot

Boundary boundary · CRE · 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