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
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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