Updated Jun 29, 2026
831-841 LLC Acquires Two Commercial Buildings In Princeton For $1.9 Million
831 State Road & 841 State Road
$1,900,000
$135/SF
Building Size
14,000 SF
Asset Type
Commercial
Closing
Jun 26, 2026
About this deal
AI
Two adjacent commercial and industrial buildings located at 831 and 841 State Road in Princeton, NJ, have been acquired by an electrical supply company, 831-841 LLC, for a total of $1.9 million. The properties encompass a total square footage of 14,000 and span 1.35 acres in the commercial and industrial asset category.
Summary of transaction details:
- Property Type: Commercial & Industrial
- Transaction Amount: $1,900,000
- Square Footage: 14,000
- Price Per Square Foot: $136
- Address: 831 & 841 State Road
- Market: Princeton, NJ
- Buyer: 831-841 LLC
- Broker: Todd Gannet - Boniakowski Commercial Real Estate
The deal was facilitated by Todd Gannet, representing Boniakowski Commercial Real Estate, highlighting the broker's role in the transaction. The properties will be owner-occupied for the company's wholesale and retail operations, indicating a direct investment in their business needs.
Market Commercial Market Snapshot
Boundary boundary · Commercial · Sale transactions
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
8.35%
Cash-on-Cash
-2.39%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93