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343 Princeton Hightstown Road

Alfie King Leases Medical Office To The Archangel Centers At 343 Princeton-Hightstown Road
LEASEDHospital

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

Luan Kichen

Sitar Realty Company

Broker

1 deal

Broker
Sitar Realty Company
Sitar Realty CompanyBrokerage

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