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300 Frank W Burr Boulevard

Auramet International Inc. Renewed Lease For 4,818 SF Office At Glenpointe Teaneck
LEASEDOffice

Auramet International Inc. Renewed Lease For 4,818 SF Office At Glenpointe Teaneck

300 Frank W Burr Boulevard

Building Size

4,818 SF

Asset Type

Office

Closing

Dec 5, 2024

AI

The property asset involved in the transaction is an office space located at 300 Frank W Burr Boulevard in Teaneck, with a total square footage of 4,818. The asset serves as the headquarters for Auramet International, Inc. and is situated within the Glenpointe corporate campus, which is noted for its extensive amenities and proximity to Manhattan.

Summary of transaction details:

Auramet International renewed its office lease with Alfred Sanzari Enterprises, where it has been established since 2013. The landlord's representatives, Carolina Gutierrez and Christopher DeLorenzo, played a key role in facilitating the lease agreement, while Jason Fray of Cresa represented the tenant during the transaction.

Players

Carolina Gutierrez

Alfred Sanzari Enterprises

Broker

8 deals

Broker
Savills
SavillsBrokerage

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