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Language On Leases Office Space At 550 Broad Street Newark For 5 Years With Kerri B. Levine

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LEASED
$26

New Jersey

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Office2,303 SF
Leased 07/01/2024
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Property Image
LEASED

Language On Leases Office Space At 550 Broad Street Newark For 5 Years With Kerri B. Levine

550 Broad Street

See Similar Deals
Office2,303 SF
Leased 07/01/2024
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Summary

NEW JERSEY
Asset Type:Office
Price Per Square Foot:$26
Total Square Footage:2,303 SF
Transaction Type:Lease

The property involved in this transaction is an office asset located at 550 Broad Street, Newark. The asking rent for the lease is set at $26 per square foot for a total of 2,303 square feet. This lease agreement is classified as a Full Service Gross and has a term of 5 years.

Summary of transaction details:

The deal was facilitated with the involvement of Kerri B. Levine from Fidelco Realty Group as the landlord, while Language On represented the tenant interests. The transaction also included representation from Jon Karnick of Assurance Realty Group for the landlord and Alexander Vezza from Brown Harris Stevens acting on behalf of the tenant.

Players

Jon Karnick
2 deals(973) 610-4640
BROKER

Details

LEASED
IMAGE: Alexander Vezza & Jon Karnick DATE: 6/30/2024 ADDRESS: 550 Broad Street MARKET: Newark ASSET TYPE: Office LANDLORD: Kerri B. Levine - Fidelco Realty Group TENANT: Language On LANDLORD'S REP: Jon Karnick (@JonKarnick) - Assurance Realty Group TENANT'S REP: Alexander Vezza (@Vezza.Alexander) - Brown Harris Stevens (@BrownHarrisStevensNJ) ASKING RENT: $26/ft ~ SF: 2,303 LEASE TERM: 5 Years LEASE TYPE: Full Service Gross

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Deal Type
Effective Rent (Annual)

$68,643.42

Total Lease Value

$686,434.17

Net Landlord Cash Flow$68,643.42