Canal Pointe LLC Leases 5396 Square Feet To Tenant Represented By Kevin Coleman In Princeton
100 Canal Pointe BLVD, Princeton, NJ...
Building Size
5,396 SF
Asset Type
Office
Closing
Nov 20, 2023
AI
The property involved in this transaction is located at 100 Canal Pointe Boulevard in Princeton, NJ. It is a Class A office building measuring 5,396 square feet within a larger structure of 65,592 square feet. The building was constructed in 1987 and serves as a key office space in the Princeton market.
Summary of transaction details:
- Property Type: LEASE
- Transaction Amount: Not disclosed
- Address: 100 Canal Pointe BLVD, Princeton, NJ
- Market: Princeton
- Tenant: Keller Williams Princeton
- Landlord: Canal Pointe LLC
- Tenant's Representative: Kevin Coleman (Wolf Commercial Real Estate)
- Square Feet: 5,396
Kevin Coleman from Wolf Commercial Real Estate represented Keller Williams Princeton during the lease negotiations for this office space. The landlord for this transaction is Canal Pointe LLC. Broker representation for the landlord remains undisclosed.
Princeton Office Market Snapshot
Boundary boundary · 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