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481 Corporate Dr, Elmwood P...

Alfred Sanzari Enterprises Leases 159997 Square Feet At 481 Corporate Dr Elmwood Park
LEASEDOffice

Alfred Sanzari Enterprises Leases 159997 Square Feet At 481 Corporate Dr Elmwood Park

481 Corporate Dr, Elmwood Park, NJ...

Building Size

159,997 SF

Asset Type

Office

Closing

Nov 20, 2023

AI

The property involved in this transaction is located at 481 Corporate Dr, Elmwood Park, NJ. It encompasses a total area of 159,997 square feet and is situated in the Elmwood Park market. The landlord for this lease is Alfred Sanzari Enterprises.

Summary of transation details:

Jerry Barta represents Alfred Sanzari Enterprises in this leasing transaction, facilitating the agreement between the landlord and the involved parties.

Players

Jerry Barta

Alfred Sanzari Enterprises

Broker

3 deals

Broker
Alfred Sanzari

Alfred Sanzari

Alfred Sanzari Enterprises

Landlord

$12.2M

vol

19 deals

Landlord

Elmwood Park 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