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231 Clarksville Road

Jerry Fennelly Renews Office Lease At 231 Clarksville Rd In West Windsor
LEASEDOffice

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.

Players

Jerry Fennelly

Fennelly Associates

Broker

$91.6M

vol

22 deals

Broker

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