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IMTT Bayonne Leases 10,000 ...

Updated Dec 4, 2024

IMTT Bayonne Leases 10,000 SF Office Space In Hudson County At $24/ft Through Solomon Braun
LEASEDOffice

IMTT Bayonne Leases 10,000 SF Office Space In Hudson County At $24/ft Through Solomon Braun

$24

$24/SF

Building Size

10,000 SF

Asset Type

Office

Closing

Jul 1, 2024

About this deal

AI

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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Players

Solomon Braun

Broker

3 deals

Broker

Market Office Market Snapshot

Boundary boundary · Office · Lease transactions

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Deal FAQ

About $24 per square foot on a published $24 for 10,000 square feet (2024).

Visit Solomon Braun to view all their deals.

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Purchase Price

Annual NOI

Loan Amount

Interest Rate (%)

Loan Term (yrs)

Down Payment (%)

Cap Rate

660958.33%

Cash-on-Cash

-188903.92%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93

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