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2 Journal Square Plaza, Jer...

Gaia Real Estate Leases 19892 Square Feet To Tenant Represented By Gregory Barkan In Jersey City
LEASEDOffice

Gaia Real Estate Leases 19892 Square Feet To Tenant Represented By Gregory Barkan In Jersey City

2 Journal Square Plaza, Jersey City, NJ 07306, USA

Building Size

19,892 SF

Asset Type

Office

Closing

Nov 20, 2023

AI

The property involved in this transaction is located at 2 Journal Square Plaza, Jersey City, NJ. The lease encompasses a total area of 19,892 square feet within the Jersey City market.

Summary of transaction details:

  • Property Type: Lease
  • Transaction Amount: Not specified
  • Address: 2 Journal Square Plaza, Jersey City, NJ
  • Market: Jersey City
  • Square Feet: 19,892
  • Landlord: Gaia Real Estate
  • Tenant's Representative: Gregory Barkan-CBRE

This transaction involves Gaia Real Estate as the landlord, with Gregory Barkan from CBRE representing the tenant in the deal. No additional details on the tenant have been provided.

Players

Gregory Barkan

CBRE

Broker

7 deals

Broker
Pierson Commercial
Pierson CommercialBrokerage

Jersey City 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

5.80%

Cash-on-Cash

-1.66%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93