Updated Jul 30, 2026
Bergman Real Estate Secures $15.35 Million Loan For Class A Office In Princeton, NJ
500 College Road East
$15,350,000
$95/SF
Building Size
160,904 SF
Asset Type
Office
Closing
Jul 29, 2026
About this deal
AI
500 College Road East is a 160,904-square-foot Class A office building located in Princeton, NJ. The property sits on 15 acres and is currently owned by Bergman Real Estate. A loan amounting to $15,350,000 has been secured against this asset with a loan term of four years, on an interest-only basis.
Summary of transaction details:
- Property Type: Office
- Transaction Amount: $15,350,000
- Address: 500 College Road East, Princeton, NJ
- Asset Size: 160,904 square feet
- Land Area: 15 acres
- Landlord: Michael Bergman - Bergman Real Estate
- Brokers: Greg Nalbandian, Michael Klein, Nazario Paragano & Kevin Badger - JLL
- Loan Terms: Four-year, interest-only
JLL Capital Markets organized the financing, which comes after a series of capital improvements and the execution of 22 new leases totaling approximately 113,000 square feet since the acquisition of the property by Bergman Real Estate.
On the Map
$15,350,000
$95/SF
Office
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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
1.03%
Cash-on-Cash
-0.30%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93