Jerry Fennelly Renews Office Lease At 231 Clarksville Rd In West Windsor
231 Clarksville Road
Building Size
7,025 SF
Asset Type
Office
Closing
Apr 4, 2024
AI
An office space spanning 7,025 square feet located at 231 Clarksville Road in West Windsor has been renewed through a lease transaction. Situated near Princeton University, the property offers ample parking and convenient accessibility via major routes, making it an attractive location for a diverse mix of tenants.
Summary of transaction details:
- Property Type: Office
- Transaction Amount: Not provided
- Address: 231 Clarksville Road
- Market: West Windsor
- Landlord: Bayard Street Properties
- Tenant: Tina Biswas - Westrick Music Academy
- Broker: Jerry Fennelly - Fennelly Associates
Fennelly Associates, headed by President Jerry Fennelly, facilitated the lease renewal at 231 Clarksville Road. They represented both the landlord, Bayard Street Properties, and the tenant, Westrick Music Academy, in this transaction.
Princeton Junction 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