facebook


Go Pro
+ Submit+ Submit a Deal
Home

/

Deals

/

New Jersey

/

Office

/

Lease

/

5 Vaughn Drive

Updated May 15, 2025

Essential Properties Realty Trust Leases 19601 SF Office At 5 Vaughn Drive Princeton
LEASEDOffice

Essential Properties Realty Trust Leases 19601 SF Office At 5 Vaughn Drive Princeton

5 Vaughn Drive

Building Size

19,601 SF

Asset Type

Office

Closing

May 6, 2025

About this deal

AI

The property asset involved in this transaction is an office space located at 5 Vaughn Drive in Princeton. The total square footage is 19,601, and it is part of a building that has undergone significant renovations since 2020. This building is now 98.5% occupied, featuring a contemporary design suited for modern business needs.

Summary of transaction details:

The transaction features Essential Properties Realty Trust, represented by Pete Mavoides, who has signed a long-term lease, effectively doubling its footprint by relocating from 902 Carnegie Center Blvd. The deal contributes to the overall occupancy of the building owned by American Equity Partners.

On the Map

Open live map

Office

View full map

Players

Thomas Romano

JLL

Broker

$12.7M

vol

4 deals

Broker

David Elkouby

American Equity Partners

Landlord

$46M

vol

5 deals

Landlord
AP
American Equity PartnersLandlord

Pete Mavoides

Tenant

$23.2M

vol

2 deals

Tenant

Princeton Office Market Snapshot

Boundary boundary · Office · Lease transactions

Loading comparables…

Deal FAQ

Visit Thomas (Tom) Romano to view all their deals.

Browse Princeton office leases on Traded.

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

More Deals

Nearby Markets