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.
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