Donald Sperling Of CBRE Represents Tenant In Lease At 500 Glenpointe Centre W Teaneck NJ
Glenpointe Ctr E
Building Size
4,800 SF
Asset Type
Office
Closing
Nov 19, 2023
AI
The property involved in the transaction is located at 500 Glenpointe Centre W, Teaneck, NJ, encompassing a total area of 4,800 square feet. The landlord of the property is Alfred Sanzari Enterprises.
Summary of transaction details:
- Property Type: Lease
- Transaction Amount: Not specified
- Address: 500 Glenpointe Centre W, Teaneck, NJ
- Square Feet: 4800
- Tenant's Representative: Donald Sperling, CBRE
- Landlord: Alfred Sanzari Enterprises
In this lease transaction, Donald Sperling from CBRE represented the tenant, facilitating the agreement with Alfred Sanzari Enterprises as the landlord. This collaboration highlights the role of the tenant's representative in navigating the leasing process.
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