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150 Elm St 4,400 SF of Office/Retail Space Available in Westfield, NJ 07090
HIGHLIGHTS
- High Visibility
- Ample Parking
- Redevelopment Play
- Excellent Access
- Highly Trafficked Location
SPACE AVAILABILITY (1)
Display Rental Rate as
- SPACE
- SIZE
- TERM
- RENTAL RATE
- RENT TYPE
| Space | Size | Term | Rental Rate | Rent Type | ||
| 2nd Floor | 4,400 SF | Negotiable | $67.00 CAD/SF/YR $5.58 CAD/SF/MO $294,818 CAD/YR $24,568 CAD/MO | Triple Net (NNN) |
2nd Floor
RENT IS NEGOTIABLE!!! This space is ideal for anyone looking to occupy a retail space in the heart of Westfield, NJ. This property has a wonderful drive thru and a vault from its former days as a bank. Additionally, there is ample parking to accommodate the traffic that this space brings in. Please contact the broker for additional details!
- Lease rate does not include utilities, property expenses or building services
- Fully Built-Out as Standard Office
- Mostly Open Floor Plan Layout
- Fits 11 - 36 People
- Space is in Excellent Condition
- Central Air and Heating
- Kitchen
- Private Restrooms
- Great visibility to local area.
- Flexible space and rent.
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.
PROPERTY FACTS
| Total Space Available | 4,400 SF | Gross Leasable Area | 4,400 SF |
| Property Type | Retail | Year Built/Renovated | 1954/2010 |
| Property Subtype | Bank | Parking Ratio | 3.41/1,000 SF |
| Total Space Available | 4,400 SF |
| Property Type | Retail |
| Property Subtype | Bank |
| Gross Leasable Area | 4,400 SF |
| Year Built/Renovated | 1954/2010 |
| Parking Ratio | 3.41/1,000 SF |
ABOUT THE PROPERTY
Located in the heart of Westfield, New Jersey, a Class C retail bank building with drive-thru and ample onsite parking. Site lies directly across from Trader Joe's and the Bank of America building, being located at 150 Elm Street. The building offers great visibility and excellent ingress/egress. First floor contains 2950 sf; second floor (1450 sf)can be leased separately. Elm Street is a highly trafficked road intersecting with Broad Street. The NJ Train Station is an easy 5 minute walk from the building and within a few miles of the NJ Garden State Parkway and US Route 22. REDEVELOPMENT PLAY FOR THREE LEVEL, MIXED USED BUILDING----FIRST FLOOR RETAIL, SECOND/THIRD FLOOR 10-12 RESIDENTIAL RENTAL UNITS.
NEARBY MAJOR RETAILERS
Presented by
LBI, LLC
150 Elm St
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