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777 Terrace Ave, Hasbrouck ...

Updated Dec 5, 2024

Specialists Marketing Services Signs Lease With Alfred Sanzari Enterprises For 10800 Square Feet In Hasbrouck Heights
LEASED

Specialists Marketing Services Signs Lease With Alfred Sanzari Enterprises For 10800 Square Feet In Hasbrouck Heights

777 Terrace Ave, Hasbrouck Heights...

Building Size

10,800 SF

Asset Type

Closing

Nov 20, 2023

About this deal

AI

The property involved in this transaction is located at 777 Terrace Ave, Hasbrouck Heights, N.J., within the market of Hasbrouck Heights. The Class A office building comprises 10,800 square feet and has been occupied by Specialists Marketing Services since 2008. The lease renewal has been made with the landlord, Alfred Sanzari Enterprises, ensuring continued tenancy in this strategically positioned location near major highways, including I-80 and Route 17.

Summary of transaction details:

  • Property Type: Lease
  • Transaction Amount: Not specified
  • Address: 777 Terrace Ave, Hasbrouck Heights, N.J.
  • Market: Hasbrouck Heights
  • Tenant: Specialists Marketing Services
  • Landlord: Alfred Sanzari Enterprises
  • Tenant's Representative: Matthew Seltzer (Coldwell Banker Commercial Advisors)
  • Square Feet: 10,800

This lease renewal was negotiated in-house by Stephen C. Jennings, vice-president of leasing and marketing for Alfred Sanzari Enterprises. The firm is recognized for their proactive property management and commitment to retaining long-time tenants like Specialists Marketing Services, which specializes in customer acquisition and revenue generation for prominent brands and companies.

Players

Matthew Seltzer

Coldwell Banker

Broker

1 deal

Broker
Alfred Sanzari Enterprises
Alfred Sanzari EnterprisesBrokerage

Alfred Sanzari

Alfred Sanzari Enterprises

Landlord

$12.2M

vol

19 deals

Landlord

Hasbrouck Heights CRE Market Snapshot

Boundary boundary · CRE · Lease transactions

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Purchase Price

Annual NOI

Loan Amount

Interest Rate (%)

Loan Term (yrs)

Down Payment (%)

Cap Rate

5.80%

Cash-on-Cash

-1.66%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93

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