Summit Medical Group Leases Office Space In New Providence
LEASED
New Jersey
See Similar DealsOffice15,308 SF
Leased 06/27/2022
LEASED
Summit Medical Group Leases Office Space In New Providence
41 Spring Street, New Providence, New Jersey 07974, United States
See Similar DealsOffice15,308 SF
Leased 06/27/2022
Summary
NEW JERSEY
Asset Type:Office
Total Square Footage:15,308 SF
Transaction Type:Lease
The office building located at 41 Spring St in New Providence has recently been leased. The transaction was completed on 06/27/2022. The leased space spans a total of 15,308 square feet.
Summary of transaction details:
- Property Type: Office
- Transaction Amount: Lease
- Address: 41 Spring St
- Market: New Providence
The landlord for this property is Ariel Brenner VP Leasing from Shelbourne Global, while the tenant is Summit Medical Group. The leasing process was facilitated by Geoffrey Schubert from CBRE and Marc Rosenberg from Cushman & Wakefield.
The asking rent for the leased space was $23.50 per square foot.
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Deal Type
NNN (Triple Net)
Effective Rent (Annual)
$877,445.32
Total Lease Value
$8,774,453.22
Net Landlord Cash Flow$877,445.32
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