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NAI James E. Hanson Facilitates 1.75K SF Office Lease In Rochelle Park, NJ With State Farm

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LEASED
$19

New Jersey

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Office1,750 SF
Leased 08/22/2023
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LEASED

NAI James E. Hanson Facilitates 1.75K SF Office Lease In Rochelle Park, NJ With State Farm

18 W Passaic St Rochelle Park, Nj 07662, Usa

See Similar Deals
Office1,750 SF
Leased 08/22/2023
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Summary

NEW JERSEY
Asset Type:Office
Price Per Square Foot:$19
Total Square Footage:1,750 SF
Transaction Type:Lease

An office lease for a 1,750-square-foot space at 18 West Passaic Street in Rochelle Park, NJ, has been facilitated by NAI James E. Hanson. The lease transaction involved Passaic Street Associates, LLC as the landlord and State Farm as the tenant. The asking rent for the space was approximately $19.50 per square foot.

Summary of transation details

  • Property Type: Office
  • Transaction Amount: Not mentioned
  • Address: 18 West Passaic Street, Rochelle Park, NJ
  • Market: Rochelle Park

NAI James E. Hanson's brokers, Josh Levering and Jonathan Kristofich, played a significant role in the transaction. Levering and Kristofich represented both the landlord, Passaic Street Associates, LLC, and the tenant, State Farm. Their expertise and negotiation skills contributed to the successful completion of the lease deal.

Players

Jonathan Kristofich
11 deals$47.8M volume
BROKER


TENANT

Details

LEASED
IMAGE: Josh Levering & Jonathan Kristofich DATE: 08/22/2023 ADDRESS: 18 West Passaic Street MARKET: Rochelle Park ASSET TYPE: Office LANDLORD: Passaic Street Associates, LLC TENANT: State Farm BROKERS: Josh Levering (@Josh.Levering) & Jonathan Kristofich - NAI James E. Hanson (@NAI_Hanson) ASKING RENT: $19.50/ft. ~ SF: 1,750 NOTE: NAI James E. Hanson has facilitated a 1,750-square-foot office lease at 18 West Passaic Street in Rochelle Park, NJ. The firm's brokers, Josh Levering and Jonathan Kristofich, represented both the landlord, Passaic Street Associates, LLC, and the tenant, State Farm, in the transaction.

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Deal Type
Effective Rent (Annual)

$38,117.40

Total Lease Value

$381,173.99

Net Landlord Cash Flow$38,117.40