facebook
TradedTraded
    Home
    Search
    Closings
    Listings
    On Market
    Off Market
    Add a listing
    Vaults
    shh
    Rankings
    News
    Data
    Socials
    More


Messages

Go Pro
+ Submit+ Submit a Deal
Home

/

Deals

/

New Jersey

/

Mixed Use

/

Lease

/

300 Frank W Burr BLVD, Tean...

RSD America, Inc. Leases Mixed-Use Space In Teaneck From Alfred Sanzari Enterprises
LEASEDMixed-use

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

Michael Walters

NAI James E. Hanson

Broker

$60.5M

vol

6 deals

Broker
Alfred Sanzari Enterprises
Alfred Sanzari EnterprisesBrokerage
Alfred Sanzari

Alfred Sanzari

Alfred Sanzari Enterprises

Landlord

$12.2M

vol

19 deals

Landlord

Teaneck Mixed-use Market Snapshot

Boundary boundary · Mixed-use · Lease transactions

Loading comparables…

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