Hanwha Vision America Expands Lease At Glenpointe Center West In Teaneck
500 West Frank West Burr Boulevard
$37
$37/SF
Building Size
7,133 SF
Asset Type
Office
Closing
Aug 11, 2023
AI
Hanwha Vision America, a video surveillance firm, has expanded its lease by 7,133 square feet at Teaneck's Glenpointe Center West in New Jersey. The additional space brings the company's total office area to approximately 29,000 square feet. The expansion supports Hanwha Vision America's growth in providing optical design, image processing, and cybersecurity technologies to clients worldwide.
Summary of transaction details
- Property Type: Office
- Transaction Amount: Not mentioned
- Address: 500 West Frank West Burr Boulevard, Teaneck
- Market: Teaneck
Hanwha Vision America's expanded lease at Teaneck's Glenpointe Center West signifies its commitment to accommodating its increasing business activities in the region. This decision allows the company to further develop and deliver its cutting-edge technologies to clients globally. The additional space will provide the necessary room for the company's future expansion and growth.
Players
Milford 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
428729.73%
Cash-on-Cash
-122532.27%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93