New Edgell Orthopedics Leases 5000 SF Office At 121 Newark Avenue Jersey City For $36/ft
LEASED
$36
New Jersey
See Similar DealsOffice5,000 SF
Leased 02/18/2025
LEASED
New Edgell Orthopedics Leases 5000 SF Office At 121 Newark Avenue Jersey City For $36/ft
121 Newark Avenue
See Similar DealsOffice5,000 SF
Leased 02/18/2025
Summary
NEW JERSEY
Asset Type:Office
Price Per Square Foot:$36
Total Square Footage:5,000 SF
Transaction Type:Lease
The property involved in this transaction is an office asset located at 121 Newark Avenue in Jersey City. The tenant, New Edgell Orthopedics, has acquired a lease for the specified area of 5,000 square feet at an asking rent of $36 per square foot. The lease term is set for 5 years with an option, structured as a Modified Gross Lease.
Summary of transaction details:
- Property Type: Office
- Transaction Amount: $180,000
- Tenant: New Edgell Orthopedics
- Broker: Gregory Edgell - Grid Real Estate
- Lease Term: 5 Years + Option
- Lease Type: Modified Gross Lease
- Market: Jersey City
- Address: 121 Newark Avenue
- Square Footage: 5,000
- Asking Rent: $36/ft
The transaction was facilitated by Gregory Edgell, representing New Edgell Orthopedics through his agency, Grid Real Estate, ensuring a successful lease negotiation for both the tenant and the property.
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Deal Type
NNN (Triple Net)
Effective Rent (Annual)
$206,349.83
Total Lease Value
$2,063,498.28
Net Landlord Cash Flow$206,349.83
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