Sandy Monaghan Of Signature Acquisitions Leases Office Space To Thomas P. Gallagher In Princeton
7 Roszel Road
Building Size
94,445 SF
Asset Type
Office
Closing
Apr 25, 2025
AI
The asset involved in this transaction is an office space located at 7 Roszel Road, Princeton, with a total square footage of 94,445. The property is owned by Signature Acquisitions and has been the operational site for the tenant since 2007.
Summary of transaction details:
- Property Type: Office
- Transaction Amount: Not disclosed
- Address: 7 Roszel Road
- Market: Princeton
- Landlord: Sandy Monaghan - Signature Acquisitions
- Tenant: Thomas P. Gallagher - Miami International Securities Exchange, LLC
- Landlord's Representative: David Stifelman & Jason Benson - JLL
- Tenant's Representative: Bill King - King Realty
The deal includes plans for the landlord, Signature Acquisitions, to enhance the property's facilities, which will feature a new conference center, renovated cafeteria, and refreshed common areas, further supporting the operational needs of the tenant.
Players
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