Updated Oct 28, 2024
Hana Financial Group, Inc Secures $210.7 Million Loan For Office Property In Plainsboro, NJ
800 Scudders Mill Road, Plainsboro, NJ, USA
$210,667,000
$288/SF
Building Size
731,104 SF
Asset Type
Office
Closing
Nov 17, 2021
About this deal
AI
The property involved in this transaction is an office located at 800 Scudders Mill Road in Plainsboro, NJ. It has a total square footage of 731,104 and sits on 58 acres of land. The market for this property is located in Plainsboro, NJ.
Summary of transaction details:
- Property Type: Office
- Transaction Amount: $210,667,000
- Address: 800 Scudders Mill Road, Plainsboro, NJ
The lender for this transaction is Deutsche Bank. The landlord is Hana Financial Group, Inc. The brokers involved in this deal are John Alascio, Alexander Hernandez, Alex Lapidus, Meredith Donovan, Andy Merin, David Bernhaut, and Frank DiTommaso from Cushman & Wakefield.
Players
Princeton Office Market Snapshot
Boundary boundary · Office · Loan transactions
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
0.08%
Cash-on-Cash
-0.02%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93