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
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