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100 Canal Pointe BLVD, Prin...

Canal Pointe LLC Leases 5396 Square Feet To Tenant Represented By Kevin Coleman In Princeton
LEASEDOffice

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.

Players

Kevin Coleman

Wolf Commercial Real Estate

Broker

$2M

vol

3 deals

Broker

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