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Sovereign Care Services Leases Medical Office At Princess Road Office Park In Lawrenceville For Full Occupancy

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LEASED

New Jersey

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Medical Office5,384 SF
Leased 01/04/2024
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LEASED

Sovereign Care Services Leases Medical Office At Princess Road Office Park In Lawrenceville For Full Occupancy

4 Princess Road

See Similar Deals
Medical Office5,384 SF
Leased 01/04/2024
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Summary

NEW JERSEY
Asset Type:Medical Office
Price Per Square Foot:$0
Total Square Footage:5,384 SF
Transaction Type:Lease

Sovereign Care Services has leased a 5,384-sq.-ft. medical office at Princess Road Office Park in Lawrenceville. The property, located at 4 Princess Road, is part of a 49,094-sq.-ft. office park. The park offers prime amenities such as private facilities for each suite, on-site daycare, and close proximity to hotels and restaurants. The strategic location of the office park, at Exit 68 and Interstate 295 interchange, makes it an attractive choice for businesses.

Summary of transaction details

  • Property Type: Medical Office
  • Transaction Amount: Not disclosed
  • Square Footage: 5,384 sq. ft.
  • Address: 4 Princess Road, Lawrenceville
  • Market: Lawrenceville

The tenant, Thelma Wilson, leased the medical office space from the landlord, Larry Gardner, who is associated with Larken Associates. The deal was facilitated by the broker, Rob Marek, from Raider Realty.

Players

3 deals(908) 874-8686
BROKER

LANDLORD

Details

LEASED
IMAGE: Larry Gardner & Rob Marek DATE: 01/04/2024 ADDRESS: 4 Princess Road MARKET: Lawrenceville ASSET TYPE: Medical Office ~ SF: 5,384 LANDLORD: Larry Gardner - Larken Associates (@LarkenAssociates) TENANT: Thelma Wilson - Sovereign Care Services (@SovereignCareServices) BROKER: Rob Marek - Raider Realty NOTE: Sovereign Care Services has leased a 5,384-sq.-ft. medical office at Princess Road Office Park in Lawrenceville, reaching full occupancy for the 49,094-sq.-ft. property. The office park, strategically located at Exit 68 and Interstate 295 interchange, offers prime amenities including private facilities for each suite, on-site daycare, and proximity to hotels and restaurants.

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Deal Type
Effective Rent (Annual)

$308,607.63

Total Lease Value

$3,086,076.31

Net Landlord Cash Flow$308,607.63