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Summit Offices New Pricing 402-404 Springfield Ave 2,400 SF of Office Space Available in Summit, NJ 07901
HIGHLIGHTS
- Central Downtown Summit location
- Lots of natural light
SPACE AVAILABILITY (1)
Display Rental Rate as
- SPACE
- SIZE
- CEILING
- TERM
- RENTAL RATE
- RENT TYPE
| Space | Size | Ceiling | Term | Rental Rate | Rent Type | |
| 2nd Floor | 2,400 SF | 9’ | Negotiable | $55.81 CAD/SF/YR $4.65 CAD/SF/MO $133,939 CAD/YR $11,162 CAD/MO | Modified Gross |
2nd Floor
Prime Downtown Summit Location Secure lobby with intercom and24/7 access Elevator building Potential for 6-8 private offices Break Room Waiting Area Great Natural Light Domed Open Area Space Walking distance to restaurants, shopping and NYC train station Ideal for most professional uses
- Listed rate may not include certain utilities, building services and property expenses
- Partially Built-Out as Professional Services Office
- Mostly Open Floor Plan Layout
- Partitioned Offices
- Finished Ceilings: 9’
- Space In Need of Renovation
- Central Air and Heating
- Reception Area
- Kitchen
- Wi-Fi Connectivity
- Elevator Access
- Drop Ceilings
- Natural Light
- Open-Plan
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 | 2,400 SF | Gross Leasable Area | 8,400 SF |
| Property Type | Retail | Year Built | 1900 |
| Property Subtype | Storefront Retail/Office |
| Total Space Available | 2,400 SF |
| Property Type | Retail |
| Property Subtype | Storefront Retail/Office |
| Gross Leasable Area | 8,400 SF |
| Year Built | 1900 |
FEATURES AND AMENITIES
- Commuter Rail
- Corner Lot
- Air Conditioning
NEARBY MAJOR RETAILERS
Presented by
Summit Offices New Pricing | 402-404 Springfield Ave
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