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300 Frank W Burr BLVD, Tean...

Alfred Sanzari Enterprises Renews Leases For Five Tenants At Glenpointe Complex
LEASEDMixed-use

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

Naoki Yamaguchi

Relo Redac

Broker

2 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

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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