Heights Orthodontics & Jersey City Oral Surgery Leases Office Space At 121 Newark Avenue In Jersey City
121 Newark Avenue
$33
$33/SF
Building Size
7,300 SF
Asset Type
Office
Closing
Mar 1, 2023
AI
Height Orthodontics & Jersey City Oral Surgery has leased 7,300 square feet of office space at 121 Newark Avenue in Jersey City. The lease, facilitated by Gregory D. Edgell of Grid Real Estate, has a term of 10 years with options to extend.
Summary of transaction details:
- Property Type: Office
- Address: 121 Newark Avenue, Jersey City
- Market: Jersey City
- Landlord: Newark Grove Associates - Mohammed Chound
- Tenant: Heights Orthodontics & Jersey City Oral Surgery
- Broker: Gregory D. Edgell - Grid Real Estate
- Asking Rent: $33 per square foot
- Square Footage: 7,300
- Lease Term: 10 Years + Options
Giving Heights Orthodontics & Jersey City Oral Surgery access to 7,300 square feet of office space, this lease transaction was facilitated by Gregory D. Edgell of Grid Real Estate.
Market Office Market Snapshot
Boundary boundary · Office · Lease transactions
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
480696.97%
Cash-on-Cash
-137384.67%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93