Restore Health NJ Leases 3,761 SF Medical Office In East Windsor
300b Princeton-Hightstown Road
Building Size
3,761 SF
Asset Type
Medical Office
Closing
Oct 5, 2023
AI
Restore Health NJ, a specialized medical practice in mobile chronic wound therapy, is relocating from Cranbury to East Windsor. They will be occupying a 3,761-square-foot medical space in the East Windsor Medical Campus located at 300B Princeton Hightstown Road, Suite 202. The move is expected to be completed by Q1 2024, ensuring continuity of care for existing patients.
Summary of transaction details
- Property Type: Medical Office
- Transaction Amount: Not mentioned
- Square Footage: 3,761
- Address: 300B Princeton Hightstown Road, Suite 202
- Market: East Windsor
The tenant, Restore Health NJ, will be transitioning their medical practice to East Windsor. John Fish, the tenant's representative, will oversee the relocation process. The deal was facilitated by Randy Horning, a broker from NAI James E. Hanson, who represented Restore Health NJ in securing the 3,761-square-foot medical space in the East Windsor Medical Campus.
Players
East Windsor Medical Office Market Snapshot
Boundary boundary · Medical 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