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Sonehan 195 North Street Leases 19154 Square Feet In Teterboro With Landlord's Rep Jeffrey DeMagistris

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LEASED

New Jersey

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Office19,154 SF
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LEASED

Sonehan 195 North Street Leases 19154 Square Feet In Teterboro With Landlord's Rep Jeffrey DeMagistris

195 North St, Teterboro, NJ, 07608

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Office19,154 SF
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Summary

NEW JERSEY
Asset Type:Office
Price Per Square Foot:$0
Total Square Footage:19,154 SF
Transaction Type:Lease

The property involved in the transaction is a 19,154 square feet flex/industrial space located at 195 North St, Teterboro, NJ, 07608. The market for this property is Teterboro, and it has brought the facility to 100% occupancy after the lease agreement was finalized.

Summary of transaction details:

  • Property Type: Flex/Industrial
  • Transaction Amount: Not specified
  • Address: 195 North St, Teterboro, NJ, 07608
  • Market: Teterboro
  • Landlord: Sonehan 195 North Street
  • Landlord's Representative: Jeffrey "Jeff" DeMagistris & Tom Vetter - NAI Capital
  • Square Feet: 19,154
  • Previous Owner/Manager: NAI James E. Hanson
  • Property Renovation: Completed last year

NAI James E. Hanson arranged the lease with Zenith Freight Lines, representing the landlord Sonehan 195 North Street. Jeff DeMagistris and Tom Vetter from NAI Capital facilitated the representation of the landlord in this transaction. The property, originally built in 1960, has been transformed to meet modern requirements and the firm has been dedicated to creating and finding spaces for businesses in New Jersey since its inception.

Players

Jeffrey "Jeff" DeMagistris
3 deals$6M volume
BROKER

Details

LEASED
IMAGE: 195 North St, Teterboro, NJ, 07608 MARKET: Teterboro LANDLORD'S REP: Jeffrey "Jeff" DeMagistris & Tom Vetter - NAI Capital LANDLORD: Sonehan 195 North Street SQUARE FEET: 19154

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Deal Type
Effective Rent (Annual)

$1,097,895.72

Total Lease Value

$10,978,957.22

Net Landlord Cash Flow$1,097,895.72