Inez Shoes Signs 5-Year Lease For 6,500 SF Industrial Space In Jersey City
LEASED
$17
New Jersey
See Similar DealsIndustrial6,500 SF
Leased 03/10/2023
LEASED
Inez Shoes Signs 5-Year Lease For 6,500 SF Industrial Space In Jersey City
86 Forrest Street
See Similar DealsIndustrial6,500 SF
Leased 03/10/2023
Summary
NEW JERSEY
Asset Type:Industrial
Price Per Square Foot:$17
Total Square Footage:6,500 SF
Transaction Type:Lease
Located at 86 Forrest Street in Jersey City, this industrial property was recently leased by Vreeland Projects to Inez Shoes. The lease term is set for 5 years, with an option to renew. The property spans approximately 6,500 square feet, offering ample space for the tenant's operations.
Summary of transaction details
- Property Type: Industrial
- Asking Rent: $17 per square foot
- Size: 6,500 square feet
- Lease Term: 5 years + option
Representing the parties involved in this deal was Gregory D. Edgell from Grid Real Estate. As the broker for Inez Shoes, Gregory facilitated the lease agreement, ensuring favorable terms for his client. This transaction highlights the strong collaboration between Vreeland Projects and Inez Shoes, enabling the tenant to establish a presence in the thriving Jersey City market.
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Deal Type
NNN (Triple Net)
Effective Rent (Annual)
$126,675.87
Total Lease Value
$1,266,758.66
Net Landlord Cash Flow$126,675.87
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