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The Strand 447 Springfield Ave 1,100 SF of Office/Retail Space Available in Summit, NJ 07901
HIGHLIGHTS
- Elevator building
- Steps away from parking lot
- Lots of natural light
SPACE AVAILABILITY (1)
Display Rental Rate as
- SPACE
- SIZE
- TERM
- RENTAL RATE
- RENT TYPE
| Space | Size | Term | Rental Rate | Rent Type | ||
| 2nd Floor | 1,100 SF | Negotiable | $45.00 /SF/YR $3.75 /SF/MO $49,500 /YR $4,125 /MO | Modified Gross |
447 Springfield Ave - 2nd Floor
Office space in great condition, can be used for retail as well. 5 walled offices, open area, and 1 restroom. Earlier start date can be negotiated.
- Listed rate may not include certain utilities, building services and property expenses
- Fully Built-Out as Standard Office
- Space is in Excellent Condition
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.
SELECT TENANTS AT THE STRAND
- TENANT
- DESCRIPTION
- US LOCATIONS
- REACH
- Dorl'dor
- Ladies' Apparel
- 5
- Regional
- Dr. Philip Delli Santi, P.C.
- Health Care
- 3
- Regional
- Master Yoo's Summit Martial Arts
- Other Services
- 1
- Regional
- Maxavenue LLC
- Real Estate
- 2
- International
- Salon Capelli
- Salon/Barber/Spa
- 1
- Local
- The Strand
- -
- 1
- -
| TENANT | DESCRIPTION | US LOCATIONS | REACH |
| Dorl'dor | Ladies' Apparel | 5 | Regional |
| Dr. Philip Delli Santi, P.C. | Health Care | 3 | Regional |
| Master Yoo's Summit Martial Arts | Other Services | 1 | Regional |
| Maxavenue LLC | Real Estate | 2 | International |
| Salon Capelli | Salon/Barber/Spa | 1 | Local |
| The Strand | - | 1 | - |
PROPERTY FACTS
| Total Space Available | 1,100 SF | Frontage | |
| Center Type | Neighborhood Center | Gross Leasable Area | 34,500 SF |
| Stores | 11 | Total Land Area | 0.52 AC |
| Center Properties | 1 | Year Built | 1989 |
| Total Space Available | 1,100 SF |
| Center Type | Neighborhood Center |
| Stores | 11 |
| Center Properties | 1 |
| Frontage | |
| Gross Leasable Area | 34,500 SF |
| Total Land Area | 0.52 AC |
| Year Built | 1989 |
ABOUT THE PROPERTY
The Strand, an open-air mall in the heart of downtown Summit, is home to a number of retailers, service providers and more. Steps away from the town parking lot, this property has an elevator and wheelchair ramp, allowing easy access for all. Large windows, location, and accessibility make this an attractive place for retailers, design studios, or others looking for an edge up in Summit.
- Atrium
- Commuter Rail
- Food Court
- Property Manager on Site
- Signage
- Tenant Controlled HVAC
- Monument Signage
NEARBY MAJOR RETAILERS
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The Strand | 447 Springfield Ave
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