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12 Bank St 1,257 - 2,640 SF of Office/Medical Space Available in Summit, NJ 07901
HIGHLIGHTS
- Near public transit
SPACE AVAILABILITY (2)
Display Rental Rate as
- SPACE
- SIZE
- TERM
- RENTAL RATE
- RENT TYPE
| Space | Size | Term | Rental Rate | Rent Type | ||
| 2nd Floor | 1,257 SF | Negotiable | Upon Request Upon Request Upon Request Upon Request | Modified Gross | ||
| 2nd Floor | 1,383 SF | Negotiable | Upon Request Upon Request Upon Request Upon Request | Triple Net (NNN) |
2nd Floor
- Listed rate may not include certain utilities, building services and property expenses
- Fully Built-Out as Standard Office
- Office intensive layout
- Fits 4 - 11 People
- Space is in Excellent Condition
- Can be combined with additional space(s) for up to 2,640 SF of adjacent space
- Central Air Conditioning
2nd Floor
Former Medical Spa
- Lease rate does not include utilities, property expenses or building services
- Fully Built-Out as Standard Medical Space
- Mostly Open Floor Plan Layout
- Fits 4 - 12 People
- Space is in Excellent Condition
- Can be combined with additional space(s) for up to 2,640 SF of adjacent space
Rent Types
The rent amount and type that the tenant (lessee) will be responsible to pay to the landlord (lessor) throughout the lease term is negotiated prior to both parties signing a lease agreement. The rent type will vary depending upon the services provided. For example, triple net rents are typically lower than full service rents due to additional expenses the tenant is required to pay in addition to the base rent. Contact the listing broker for a full understanding of any associated costs or additional expenses for each rent type.
1. Full Service: A rental rate that includes normal building standard services as provided by the landlord within a base year rental.
2. Double Net (NN): Tenant pays for only two of the building expenses; the landlord and tenant determine the specific expenses prior to signing the lease agreement.
3. Triple Net (NNN): A lease in which the tenant is responsible for all expenses associated with their proportional share of occupancy of the building.
4. Modified Gross: Modified Gross is a general type of lease rate where typically the tenant will be responsible for their proportional share of one or more of the expenses. The landlord will pay the remaining expenses. See the below list of common Modified Gross rental rate structures: 4. Plus All Utilities: A type of Modified Gross Lease where the tenant is responsible for their proportional share of utilities in addition to the rent. 4. Plus Cleaning: A type of Modified Gross Lease where the tenant is responsible for their proportional share of cleaning in addition to the rent. 4. Plus Electric: A type of Modified Gross Lease where the tenant is responsible for their proportional share of the electrical cost in addition to the rent. 4. Plus Electric & Cleaning: A type of Modified Gross Lease where the tenant is responsible for their proportional share of the electrical and cleaning cost in addition to the rent. 4. Plus Utilities and Char: A type of Modified Gross Lease where the tenant is responsible for their proportional share of the utilities and cleaning cost in addition to the rent. 4. Industrial Gross: A type of Modified Gross lease where the tenant pays one or more of the expenses in addition to the rent. The landlord and tenant determine these prior to signing the lease agreement.
5. Tenant Electric: The landlord pays for all services and the tenant is responsible for their usage of lights and electrical outlets in the space they occupy.
6. Negotiable or Upon Request: Used when the leasing contact does not provide the rent or service type.
7. TBD: To be determined; used for buildings for which no rent or service type is known, commonly utilized when the buildings are not yet built.
SITE PLAN
PROPERTY FACTS
| Total Space Available | 2,640 SF | Gross Leasable Area | 20,000 SF |
| Property Type | Retail | Year Built/Renovated | 1970/1990 |
| Property Subtype | Storefront Retail/Office |
| Total Space Available | 2,640 SF |
| Property Type | Retail |
| Property Subtype | Storefront Retail/Office |
| Gross Leasable Area | 20,000 SF |
| Year Built/Renovated | 1970/1990 |
ABOUT THE PROPERTY
Professional office building in downtown Summit. This location is rated "very walkable" by Walk Score®, and is nearby many restaurants and similar businesses. The 1st floor space will be ideal for a restaurant or clothing retailer. The 2nd floor is a perfect spot for an insurance company, real estate firm, medical practice, law firm, or financial services firm.
NEARBY MAJOR RETAILERS
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12 Bank St
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