RSD America, Inc. Leases Mixed-Use Space In Teaneck From Alfred Sanzari Enterprises
300 Frank W Burr BLVD, Teaneck, NJ...
Building Size
2,500 SF
Asset Type
Mixed-use
Closing
Nov 22, 2023
AI
The mixed-use property located at 300 Frank W Burr BLVD in Teaneck, NJ, is the subject of a recently completed lease transaction. The property spans 20,000 square feet and is part of the Glenpointe complex, a premier business address in Northern New Jersey. Glenpointe offers direct access to New York City, major airports, and leisure attractions, making it an ideal location for businesses.
Summary of transaction details:
- Property Type: Mixed-use
- Transaction Amount: Not Applicable
- Tenant's Rep: Michael (Mike) Walters(NAI James E. Hanson)
- Tenant: RSD America, Inc.
- Landlord: Alfred Sanzari Enterprises
- Square Feet: 2500
The lease renewals at Glenpointe were successfully negotiated by Jerry L. Barta, the vice-president/director of leasing and marketing at Alfred Sanzari Enterprises. The 50-acre complex consists of Glenpointe Centre West, Glenpointe Centre East, and The Atrium at Glenpointe office buildings. In addition to office spaces, Glenpointe features amenities such as a full-service hotel, a spa & fitness center, a bank, a cafeteria, and various dining options, making it a well-rounded business hub.
Players
Teaneck Mixed-use Market Snapshot
Boundary boundary · Mixed-use · 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