Updated Sep 11, 2026
Minnesota Life Insurance Provides $32M Refinance Loan For Teaneck Office Building
Frank W Burr Boulevard
$32,000,000
$100/SF
Building Size
320,000 SF
Asset Type
Office
Closing
Jul 7, 2022
About this deal
AI
The property involved in this transaction is an office building located at 300-400 Frank W Burr Blvd in Teaneck. It spans a total of 320,000 square feet. The landlord of the property is Alfred Sanzari Enterprises.
Summary of transaction details
- Property Type: Office
- Transaction Amount: $32,000,000
- Loan Type: Refinance
- Loan Terms: 10-Year, Fixed-Rate
The lender for this transaction is Minnesota Life Insurance Company. The brokers who facilitated the deal are Thomas Didio, Thomas E. Didio, Jr., and Salvatore Buzzerio, representing JLL.
On the Map
$32,000,000
$100/SF
Office
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Players
Teaneck Office Market Snapshot
Boundary boundary · Office · Loan transactions
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
0.50%
Cash-on-Cash
-0.14%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93