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Lawn Buddies Leases 3,500-Square-Foot Industrial Space In Somerville

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LEASED
$25

New York

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Industrial3,500 SF
Leased 05/02/2023
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LEASED

Lawn Buddies Leases 3,500-Square-Foot Industrial Space In Somerville

3544 Route 22

See Similar Deals
Industrial3,500 SF
Leased 05/02/2023
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Summary

NEW YORK
Asset Type:Industrial
Price Per Square Foot:$25
Total Square Footage:3,500 SF
Transaction Type:Lease

Lawn Buddies, a lawn service company based in Central New Jersey, has leased a 3,500-square-foot freestanding building located at 3544 Route 22 in Somerville. The industrial property is situated in a prime location in the market of Somerville, surrounded by popular retailers such as Dunkin', Stowaway Self Storage, and others. The lease transaction was completed on May 2, 2023, and the property will serve as a new retail space for Lawn Buddies to cater to clients in Hunterdon and Somerset County. The asking rent for the space was $25 per square foot, resulting in a total rental cost of approximately $87,500 per year.

Summary of transaction details:

The lease deal was facilitated by Bussel Realty Corp.'s Chandler Vanderbeek and Connor Vanderbeek, who represented both the tenant, Lawn Buddies, and the landlord in the transaction. With their expertise and negotiation skills, they successfully closed the deal, ensuring that the needs of both parties were met. This lease agreement allows Lawn Buddies to expand its operations and serve a wider range of clients in Hunterdon and Somerset County, solidifying its position as a prominent lawn service company in Central New Jersey.

Players

Connor Vanderbeek
3 deals
BROKER

Chandler Vanderbeek
Bussel Realty
3 deals
BROKER

Details

LEASED
IMAGE: Chandler Vanderbeek & Connor Vanderbeek DATE: 05/02/2023 ADDRESS: 3544 Route 22 MARKET: Somerville ASSET TYPE: Industrial TENANT: Lawn Buddies BROKERS: Chandler Vanderbeek (@Chandlerbeek) & Connor Vanderbeek - Bussel Realty Corp. (@BusselRealty) ASKING RENT: $25/ft. ~ SF: 3,500 NOTE: Lawn Buddies, a lawn service company based in Central New Jersey, has leased a 3,500-square-foot freestanding building at 3544 Route 22 in Somerville. The location is near retailers such as Dunkin', Stowaway Self Storage, and others. Bussel Realty Corp.'s Chandler Vanderbeek and Connor Vanderbeek represented both the tenant and the landlord in the transaction. Lawn Buddies will use the new retail site to serve clients in Hunterdon and Somerset County.

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Deal Type
Effective Rent (Annual)

$100,308.94

Total Lease Value

$1,003,089.44

Net Landlord Cash Flow$100,308.94