Alfred Sanzari Enterprises Renews Leases For Five Tenants At Glenpointe Complex
300 Frank W Burr BLVD, Teaneck, NJ...
Building Size
4,900 SF
Asset Type
Mixed-use
Closing
Nov 22, 2023
AI
The mixed-use property located at 300 Frank W Burr BLVD in Teaneck, NJ, consists of approximately 4900 square feet and is leased by Nitto, Inc. The landlord of this property is Alfred Sanzari Enterprises.
Summary of transaction details:
- Property Type: Mixed-use
- Transaction Amount: Not provided
- Tenant: Nitto, Inc.
- Tenant's Representative: Naoki Yamaguchi(Inc.)
- Landlord: Alfred Sanzari Enterprises
- Address: 300 Frank W Burr BLVD, Teaneck, NJ
- Market: Teaneck
- Square Feet: 4900
The lease negotiations for the property at 300 Frank W Burr BLVD were conducted in-house by Jerry L. Barta, the vice-president/director of leasing and marketing at Alfred Sanzari Enterprises.
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