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150 West State Street

Aaron Hakimian Of Baaco Properties Acquires Office In Trenton For $4,026,000
SOLDOffice

Aaron Hakimian Of Baaco Properties Acquires Office In Trenton For $4,026,000

150 West State Street

$4,026,000

$93/SF

Building Size

43,157 SF

Asset Type

Office

Closing

Jun 12, 2026

AI

The property asset involved in the transaction is an office located at 150 West State Street, Trenton, NJ. The sale price was $4,026,000, and the building encompasses a total square footage of 43,157, resulting in a price per square foot of $93.

Summary of transaction details:

Baaco Properties is actively seeking office buildings in the tri-state area and nationally. The brokers involved in this transaction were Andre Balthazard and Andrew Schwartz, representing Cushman & Wakefield in the sale.

Players

Andrew Schwartz

Cushman & Wakefield

Broker

$341.4M

vol

42 deals

Broker

Trenton Office Market Snapshot

Boundary boundary · Office · Sale transactions

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Purchase Price

Annual NOI

Loan Amount

Interest Rate (%)

Loan Term (yrs)

Down Payment (%)

Cap Rate

3.94%

Cash-on-Cash

-1.13%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93