Project Studios Leases Industrial Space At 100 Forrest St, Jersey City
LEASED
$15
New Jersey
See Similar DealsIndustrial8,441 SF
Leased 03/22/2024
LEASED
Project Studios Leases Industrial Space At 100 Forrest St, Jersey City
100 Forrest Street
See Similar DealsIndustrial8,441 SF
Leased 03/22/2024
Summary
NEW JERSEY
Asset Type:Industrial
Price Per Square Foot:$15
Total Square Footage:8,441 SF
Transaction Type:Lease
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.
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Deal Type
NNN (Triple Net)
Effective Rent (Annual)
$145,149.91
Total Lease Value
$1,451,499.08
Net Landlord Cash Flow$145,149.91
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