Alfred Sanzari Enterprises Leases 2600 Square Feet To Compass Maritime Services, LLC In Teaneck
300 Frank W Burr BLVD, Teaneck, NJ...
Building Size
2,600 SF
Asset Type
Office
Closing
Jul 12, 2017
AI
The leased property is located at 300 Frank W Burr Blvd, Teaneck, NJ. It spans a total of 2,600 square feet within the Teaneck market. The transaction is part of a broader context involving multiple lease renewals at the mixed-use Glenpointe complex, a significant regional hub.
Summary of transaction details:
- Property Type: Lease
- Transaction Amount: Not specified
- Square Feet: 2,600
- Address: 300 Frank W Burr BLVD, Teaneck, NJ
- Market: Teaneck
- Landlord: Alfred Sanzari Enterprises
- Landlord's Representative: Jerry Barta - Alfred Sanzari Enterprises
- Tenant: Compass Maritime Services, LLC
Jerry L. Barta, vice-president/director of leasing and marketing at Alfred Sanzari Enterprises, was instrumental in negotiating the lease as part of in-house transactions. The organization emphasizes maintaining high standards in property management and fostering long-term relationships with tenants. Alfred Sanzari Enterprises is also engaged in ongoing developments, including a dual-branded hotel currently under construction at the Glenpointe complex.
Players
Teaneck Office Market Snapshot
Boundary boundary · Office · 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