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
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:
- Property Type: Office
- Transaction Amount: Not provided
- Address: 300 Frank West Burr Boulevard
- Market: Teaneck
- Landlord: David Sanzari & Carolina Gutierrez - Alfred Sanzari Enterprises
- Tenant: Vatech America Inc.
- Landlord's Representative: Dan Reider, David Simson, Jeff Schotz, Peter Kasparian & Peter Rossi - Newmark
- Tenant's Representative: Harland Hollander - Savills
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.
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