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26 Journal Square

Updated Oct 29, 2024

LEASEDOffice

Resolution Counseling Center Leases Office Space At 26 Journal Square In Jersey City

26 Journal Square

$29

$29/SF

Building Size

5,028 SF

Asset Type

Office

Closing

Mar 1, 2023

About this deal

AI

The office space at 26 Journal Square in Jersey City has been leased by Resolution Counseling Center. The property, owned by KABR Group, offers 5,028 square feet of space. The lease was facilitated by brokers Gregory D. Edgell of Grid Real Estate and Mike Nieliwodski of CBRE. The asking rent for the space was $29 per square foot. The lease term is for ten years, with an option to renew.

Summary of transaction details

  • Property Type: Office
  • Transaction Amount: Not available
  • Address: 26 Journal Square, Jersey City
  • Market: Jersey City
  • Tenant: Resolution Counseling Center
  • Landlord: KABR Group
  • Brokers: Gregory D. Edgell - Grid Real Estate; Mike Nieliwodski - CBRE
  • Asking Rent: $29 per square foot
  • Lease Term: Ten Years + Option

Gregory D. Edgell of Grid Real Estate and Mike Nieliwodski of CBRE played key roles in the lease deal for the office space at 26 Journal Square. Their expertise and negotiation skills helped secure the ten-year lease for Resolution Counseling Center. Both brokers are well-respected professionals in the real estate industry, known for their ability to successfully facilitate such transactions.

Players

KABR Group
KABR GroupLandlord

Hamilton Office Market Snapshot

Boundary boundary · Office · Lease transactions

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Deal FAQ

About $29 per square foot on a published $29 for 5,028 square feet (2023).

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Purchase Price

Annual NOI

Loan Amount

Interest Rate (%)

Loan Term (yrs)

Down Payment (%)

Cap Rate

547000.00%

Cash-on-Cash

-156334.28%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93

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