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231 Clarksville Rd West Win...

Wellness Recovery Center Leases Office Space In West Windsor
LEASEDOffice

Wellness Recovery Center Leases Office Space In West Windsor

231 Clarksville Rd West Windsor Township, NJ 08550, USA

$24

$24/SF

Building Size

4,444 SF

Asset Type

Office

Closing

Aug 11, 2023

AI

Wellness Recovery Center of NJ has secured a 4,444-square-foot office space at 231 Clarksville Road in West Windsor. The lease, negotiated by Fennelly Associates, provides the center with a prime location near Princeton University and access to Routes 1 and 206 as well as Interstate 295.

Summary of transaction details

The lease agreement was facilitated by Fennelly Associates, represented by Jerry Fennelly and Patrick Dintrone. On the tenant side, the lease was negotiated by Ryan Curran, President of Curran Group, and Lindsey Lyndon from Curran Commercial. The location of the office space offers Wellness Recovery Center a highly desirable proximity to Princeton University, as well as convenient access to major roadways such as Routes 1 and 206, and Interstate 295.

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

660958.33%

Cash-on-Cash

-188903.92%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93