Kobeyaki Leases 1706 SF Office Space At 525 Washington St In Jersey City
525 Washington St, Jersey City, NJ, 07...
Building Size
1,706 SF
Asset Type
Office
Closing
Feb 13, 2018
AI
Located at 525 Washington Street in Jersey City, N.J., the office asset involved in this lease transaction spans 1,706 square feet. The landlord, MEPT Newport Tower, LLC, oversaw the leasing process, with the tenant, Kobeyaki, being represented by Nancy Erickson of Colliers International. Kobeyaki, a fast-casual Japanese chain, expanded outside New York City with this new location.
Summary of transaction details:
- Property Type: Office
- Transaction Amount: Not provided
- Market: Jersey City
- Tenant: Kobeyaki
- Tenant's Rep: Nancy Erickson (Colliers International)
- Landlord: MEPT Newport Tower, LLC
- Square Feet: 1706
Nancy Erickson of Colliers International, along with Kelly Bayer and Jennifer Flores, is actively seeking additional opportunities for Kobeyaki in New Jersey following the successful lease of their new restaurant space in Jersey City. The fast-casual dining sector, particularly establishments that offer high-quality, efficient, and affordable dining experiences, is experiencing notable growth in response to the evolving preferences of diners seeking healthier and innovative food options.
Players
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