Inez Shoes Leases Industrial Space At 86 Forrest Street Jersey City For $16 Per Ft
LEASED
$16
New Jersey
See Similar DealsIndustrial20,000 SF
Leased 11/25/2024
LEASED
Inez Shoes Leases Industrial Space At 86 Forrest Street Jersey City For $16 Per Ft
86 Forrest Street
See Similar DealsIndustrial20,000 SF
Leased 11/25/2024
Summary
NEW JERSEY
Asset Type:Industrial
Price Per Square Foot:$16
Total Square Footage:20,000 SF
Transaction Type:Lease
The property involved in this transaction is located at 86 Forrest Street in Jersey City. It is an industrial asset comprising a total area of 20,000 square feet. The asking rent for the leased space is $16 per square foot. The lease term is set for 5 years with an option available, and it is structured as a NNN lease.
Summary of transaction details:
- Property Type: Industrial
- Transaction Amount: $320,000
- Tenant: Inez Shoes
- Broker: Gregory Edgell - Grid Real Estate
- Lease Term: 5Y + Option
- Lease Type: NNN Lease
Gregory Edgell from Grid Real Estate represents Inez Shoes in this lease transaction. The representation entails negotiating the terms and conditions of the lease agreement for the industrial property.
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Deal Type
NNN (Triple Net)
Effective Rent (Annual)
$366,844.14
Total Lease Value
$3,668,441.38
Net Landlord Cash Flow$366,844.14
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