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300 Frank W Burr BLVD, Tean...

Alfred Sanzari Enterprises Leases 2600 Square Feet To Compass Maritime Services, LLC In Teaneck
LEASEDOffice

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:

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

Jerry Barta

Alfred Sanzari Enterprises

Broker

3 deals

Broker
Alfred Sanzari

Alfred Sanzari

Alfred Sanzari Enterprises

Landlord

$12.2M

vol

19 deals

Landlord

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