Updated Nov 5, 2026
U.S. Army Corps Of Engineers Leases 89,053 Square Feet Office Space From Ares Management In Jersey City
3 2nd Street
Building Size
89,053 SF
Asset Type
Office
Closing
Oct 30, 2026
About this deal
AI
The lease property is located at 3 2nd Street in Jersey City, NJ. The asset type is office space consisting of 89,053 square feet. The landlord of this property is Ares Management, with Michael Arougheti serving as the representative for the landlord.
Summary of transation details:
- Property Type: Office
- Transaction Amount: Not specified
- Landlord: Michael Arougheti - Ares Management
- Tenant: U.S. Army Corps of Engineers
- Executed by: U.S. General Services Administration
The U.S. Army Corps of Engineers has taken occupancy of this office space under a lease agreement executed by the U.S. General Services Administration on its behalf. Ares Management is the owner of the property and fulfills the role of landlord in this transaction.
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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