Updated Oct 29, 2024
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
About this deal
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.
On the Map
Office
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Jersey City Office Market Snapshot
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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