Updated Dec 20, 2023
Cushman & Wakefield Brokers Sell Medical Office In West Windsor For $8M
88 Princeton Hightstown Road, Princeton Junction, New Jersey 08550, United States
$8,000,000
$315/SF
Building Size
25,364 SF
Asset Type
—
Closing
Feb 15, 2022
About this deal
AI
Located at 88 Princeton Hightstown Road in West Windsor, this medical office building was recently sold for $8,000,000. Spanning across 25,364 square feet, the property offers a price per square foot of $315. The transaction took place on February 16, 2022.
Summary of transaction details
- Property Type: Medical Office
- Transaction Amount: $8,000,000
- Address: 88 Princeton Hightstown Road, West Windsor
- Market: West Windsor
- Brokers: David Bernhaut, Andrew Schwartz, Jordan Sobel & Andre Balthazard - Cushman & Wakefield
The sale of this medical office building was facilitated by the brokers David Bernhaut, Andrew Schwartz, Jordan Sobel, and Andre Balthazard from Cushman & Wakefield.
Players
Princeton Junction CRE Market Snapshot
Boundary boundary · CRE · Sale transactions
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
1.98%
Cash-on-Cash
-0.57%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93