facebook

traded

+ Submit
Home

/

Deals

/

New Jersey

/

Office

/

Lease

/

300 Frank W Burr BLVD, Tean...

Regional Cancer Care Associates Leases 5499 Square Feet At 300 Frank W Burr Blvd In Teaneck
LEASEDOffice

Regional Cancer Care Associates Leases 5499 Square Feet At 300 Frank W Burr Blvd In Teaneck

300 Frank W Burr BLVD, Teaneck, NJ...

Building Size

5,499 SF

Asset Type

Office

Closing

Nov 19, 2023

AI

The property involved in this transaction is located at 300 Frank W Burr Blvd, Teaneck, NJ. It encompasses 5,499 square feet and is situated within the Glenpointe campus, which is a flagship office space developed by Alfred Sanzari Enterprises in Teaneck market.

Summary of transaction details:

  • Property Type: Lease
  • Transaction Amount: Not disclosed
  • Address: 300 Frank W Burr Blvd, Teaneck, NJ
  • Market: Teaneck
  • Tenant: Regional Cancer Care Associates
  • Landlord: Alfred Sanzari Enterprises
  • Tenant's Representative: Jonathan Marks - Cresa
  • Broker: Dennis Gralla - Cresa

This transaction showcases the role of Cresa as the representative for the tenant, Regional Cancer Care Associates, which is one of the largest oncology physician networks in the United States. Alfred Sanzari Enterprises was represented by brokers from Newmark, including Jeff Schotz, Peter Rossi, Dan Reider, Peter Kasparian, and David Simson. This deal emphasizes the successful relocation of the oncology network from Court Plaza in Hackensack to their new office in Glenpointe Centre West.

Players

Dennis Gralla

Cresa

Broker

6 deals

Broker
Alfred Sanzari Enterprises
Alfred Sanzari EnterprisesBrokerage
Alfred Sanzari

Alfred Sanzari

Alfred Sanzari Enterprises

Landlord

$12.2M

vol

19 deals

Landlord

Teaneck Office Market Snapshot

Boundary boundary · Office · 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