Alfie King Leases Medical Office To The Archangel Centers At 343 Princeton-Hightstown Road
343 Princeton Hightstown Road
$30
$30/SF
Building Size
6,604 SF
Asset Type
Hospital
Closing
Dec 31, 2025
AI
The property asset involved in this lease transaction is a medical office located at 343 Princeton-Hightstown Road in the East Windsor market. The total square footage of the asset is 6,604, and the asking rent is set at $30 per square foot. The lease agreement is a long-term NNN lease.
Summary of transaction details:
- Property Type: Medical Office
- Transaction Amount: $30/ft
- Lease Term: Long Term
- Lease Type: NNN Lease
- Landlord: Alfie King
- Tenant: The Archangel Centers
- Landlord's Representative: Luan "Lun" Kichen & Rob Bogash - Sitar Realty Company
- Tenant's Representative: Dawn Pizzichillo - R.J. Brunelli & Co
The key individuals involved in this transaction include Luan "Lun" Kichen, who specializes in medical real estate and brokerage, and Rob Bogash, serving as the Senior Director and Vice President at Sitar Realty Company. Additionally, Dawn Pizzichillo represents the tenant, The Archangel Centers, through R.J. Brunelli & Co. A note from Luan "Lun" Kichen emphasizes the importance of collaboration in achieving successful outcomes in real estate transactions.
Players
East Windsor Hospital Market Snapshot
Boundary boundary · Hospital · Lease transactions
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
528766.67%
Cash-on-Cash
-151123.14%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93