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100 Forrest Street

Project Studios Leases Industrial Space At 100 Forrest St, Jersey City
LEASEDIndustrial

Project Studios Leases Industrial Space At 100 Forrest St, Jersey City

100 Forrest Street

$15

$15/SF

Building Size

8,441 SF

Asset Type

Industrial

Closing

Mar 22, 2024

AI

The industrial property located at 100 Forrest St, Third Floor in Jersey City has been leased. The asset, spanning 8,441 square feet, was leased by Project Studios from landlord Aharon Ostreicher. The lease was facilitated by Gregory Edgell of Grid Real Estate, with an asking rent of $15 per square foot for a lease term of 5 years.

Summary of transation details:

  • Property Type: Industrial
  • Transaction Amount: Not provided
  • Address: 100 Forrest St, Third Floor
  • Market: Jersey City
  • Tenant: Project Studios
  • Landlord: Aharon Ostreicher
  • Broker: Gregory Edgell - Grid Real Estate
  • Asking Rent: $15/ft.
  • Lease Term: 5 Year

The deal's key individuals involved in this lease transaction include Aharon Ostreicher as the landlord, Project Studios as the tenant, and Gregory Edgell representing Grid Real Estate as the broker. This lease agreement signifies a significant transaction in the industrial real estate market of Jersey City.

Players

Gregory Edgell

Grid Real Estate

Broker

$26.7M

vol

15 deals

Broker

Jersey City Industrial Market Snapshot

Boundary boundary · Industrial · Lease transactions

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Purchase Price

Annual NOI

Loan Amount

Interest Rate (%)

Loan Term (yrs)

Down Payment (%)

Cap Rate

1057533.33%

Cash-on-Cash

-302246.27%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93