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300 Frank W Burr Boulevard

Updated Dec 4, 2024

Vatech America Leases 16,262 SF Office Space At Glenpointe, Teaneck
LEASEDOffice

Vatech America Leases 16,262 SF Office Space At Glenpointe, Teaneck

300 Frank W Burr Boulevard

Building Size

16,262 SF

Asset Type

Office

Closing

Apr 2, 2024

About this deal

AI

The office lease transaction in Teaneck involved a 16,262-square-foot space at 300 Frank West Burr Boulevard. The property is part of the Glenpointe corporate campus and was leased by Vatech America Inc., a subsidiary of an international X-ray imaging company, for executive offices, general office functions, and a product showroom.

Summary of transaction details:

The deal was facilitated by Alfred Sanzari Enterprises, with the landlord's representatives from Newmark handling the lease on their behalf. Vatech America Inc. was represented by Harland Hollander from Savills, ensuring a smooth negotiation and agreement between the involved parties.

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Players

Dan Reider

Newmark

Broker

$146.1M

vol

14 deals

Broker

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

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