IMTT Bayonne Leases 10,000 SF Office Space In Hudson County At $24/ft Through Solomon Braun
LEASED
$24
New Jersey
See Similar DealsOffice10,000 SF
Leased 07/01/2024
LEASED
IMTT Bayonne Leases 10,000 SF Office Space In Hudson County At $24/ft Through Solomon Braun
Office10,000 SF
Leased 07/01/2024
Summary
Asset Type:Office
Price Per Square Foot:$24
Total Square Footage:10,000 SF
Transaction Type:Lease
The transaction involves a lease of office space located in Hudson County. The tenant is IMTT Bayonne, which has secured a modified gross lease over 10,000 square feet of space at an asking rent of $24 per square foot. The lease term is set for five years, indicating a commitment to this property for an extended period.
Summary of transaction details:
- Property Type: Office Space
- Transaction Amount: $24/ft.
- Square Footage: 10,000
- Lease Type: Modified Gross Lease
- Lease Term: 5 Years
- Tenant: IMTT Bayonne
- Broker: Solomon Braun - Key Commercial Realty
Solomon Braun, a licensed real estate broker, facilitated this transaction. He can be contacted at 973.320.7000 or 917.426.3929, and his office is located at 1405 N. Broad St. S'201, Hillside, NJ 07205. His role was crucial in negotiating the terms of the lease agreement between the tenant and the property owner.
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Deal Type
NNN (Triple Net)
Effective Rent (Annual)
$275,133.10
Total Lease Value
$2,751,331.03
Net Landlord Cash Flow$275,133.10
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