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475 Market Street,

UFCW Union Local 888 Leases Office Space At 475 Market Street From Alfred Sanzari Enterprises
LEASEDOffice

UFCW Union Local 888 Leases Office Space At 475 Market Street From Alfred Sanzari Enterprises

475 Market Street,

Building Size

6,029 SF

Asset Type

Office

Closing

Mar 21, 2022

AI

Alfred Sanzari Enterprises has leased office space located at 475 Market Street, Elmwood Park, NJ. The property has a total square footage of 6,029 and the asking rent was $21.5 per square foot.

Summary of transaction details:

  • Property Type: Office
  • Transaction Amount: Not specified
  • Landlord: Steve Jennings - Alfred Sanzari Enterprises
  • Tenant: Rosalba Perez - United Food and Commercial Workers (UFCW) Union Local 888
  • Landlord's Representative: Larry Martin, Tom Reilly, and Brendan McBride - JLL
  • Tenant's Representative: Brian Leary and James O'Neill - Bridge Property Advisors

The lease agreement between Alfred Sanzari Enterprises and United Food and Commercial Workers (UFCW) Union Local 888 was facilitated by JLL's Larry Martin, Tom Reilly, and Brendan McBride representing the landlord, and Bridge Property Advisors' Brian Leary and James O'Neill representing the tenant.

Players

Brian Leary

Bridge Property Advisor

Broker

$361.8M

vol

8 deals

Broker
Alfred Sanzari Enterprises
Alfred Sanzari EnterprisesBrokerage
Stephen Jennings

Stephen Jennings

Alfred Sanzari Enterprises

Landlord

10 deals

Landlord

Westfield 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