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The State Of NJ Leases Office Space In Bayonne, NJ At 25 W 8th Street

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LEASED

New Jersey

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Office2,050 SF
Leased 02/17/2022
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LEASED

The State Of NJ Leases Office Space In Bayonne, NJ At 25 W 8th Street

25 West 8th Street, Bayonne, New Jersey 07002, United States

See Similar Deals
Office2,050 SF
Leased 02/17/2022
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Summary

NEW JERSEY
Asset Type:Office
Total Square Footage:2,050 SF
Transaction Type:Lease

The State of NJ has leased an office space located at 25 W 8th Street in Bayonne, NJ. The property, with a total square footage of 2,050, is owned by Brian Philipson. The lease was represented by Chris Conway of The Goldstein Group on behalf of the landlord, and Ben Costanza of Costanza & Providence Real Estate on behalf of the tenant. The lease type is a Modified Gross Lease, with an asking rent of $25 per square foot.

Summary of transaction details:

  • Property Type: Office
  • Transaction Amount: N/A
  • Address: 25 W 8th Street, Bayonne, NJ
  • Market: Bayonne, NJ
  • Landlord: Brian Philipson
  • Tenant: The State of NJ
  • Landlord's Representative: Chris Conway - The Goldstein Group
  • Tenant's Representative: Ben Costanza - Costanza & Providence Real Estate
  • Asking Rent: $25/ft.
  • Square Footage: 2,050
  • Lease Type: Modified Gross Lease

It is worth noting that State Assemblyman William B. Sampson is one of the tenants. Additionally, there is still 2,000 square feet of built-out lower level office space available for lease.

Players

Christopher (Chris) Conway
40 deals$12.1M volume
BROKER

Ben Costanza
Costanza & Providence Real Estate
1 deal
BROKER

The Goldstein Group
BROKERAGE

Details

LEASED
IMAGE: Chris Conway DATE: 02/17/2022 ADDRESS: 25 W 8th Street MARKET: Bayonne, NJ ASSET TYPE: Office LANDLORD: Brian Philipson TENANT: The State of NJ LANDLORD'S REP: Chris Conway (@Retail_CRE) - The Goldstein Group TENANT'S REP: Ben Costanza - Costanza & Providence Real Estate ASKING RENT: $25/ft. ~ SF: 2,050 LEASE TYPE: Modified Gross Lease NOTE FROM BROKER: Happy to have State Assemblyman William B. Sampson as a tenant. We still have 2,000 sq ft of built out lower level office available

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Deal Type
Effective Rent (Annual)

$117,504.76

Total Lease Value

$1,175,047.63

Net Landlord Cash Flow$117,504.76