facebook

traded

+ Submit
Home

/

Deals

/

New Jersey

/

Office

/

Lease

/

95 Greene Street

IAVI Leases 29,782 Square Feet Office Space At 95 Greene Street In Jersey City
LEASEDOffice

IAVI Leases 29,782 Square Feet Office Space At 95 Greene Street In Jersey City

95 Greene Street

Building Size

29,782 SF

Asset Type

Office

Closing

Jul 10, 2024

AI

The asset involved in this transaction is an office space located at 95 Greene Street in Jersey City, covering a total area of 29,782 square feet. The property is well-suited for lab use, as it is described as lab-ready space. The leasing is tied to the global health sector, specifically focusing on vaccine research.

Summary of transaction details:

The deal involves IAVI, a nonprofit research organization dedicated to combating HIV and emerging infectious diseases. IAVI has relocated its Vaccine Design and Development Lab from Brooklyn to this new location, allowing for the advancement of various global health solutions.

Players

John Isaacs

CBRE

Broker

9 deals

Broker

Jersey City Office Market Snapshot

Boundary boundary · Office · Lease transactions

Loading comparables…

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