Jonathan Glick Of Sheldon Gross Realty Brokers 13,000 SF Office Sale In Princeton Junction For $2.19M
191 Clarksville Road
$2,190,000
$168/SF
Building Size
13,000 SF
Asset Type
Office
Closing
May 16, 2025
AI
A 13,000 square foot office building located at 191 Clarksville Road in Princeton Junction has been sold for $2,190,000. The transaction was completed with a price per square foot of $168, indicating a notable interest in office properties within the market.
Summary of transaction details:
- Property Type: Office
- Transaction Amount: $2,190,000
- Square Footage: 13,000
- Address: 191 Clarksville Road
- Market: Princeton Junction
- PPSF: $168
Jonathan Glick of Sheldon Gross Realty represented the deal, noting the asset's potential for lab conversion and its favorable location near pharmaceutical hubs, which adds value for future use.
Players
Princeton Junction 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
7.24%
Cash-on-Cash
-2.07%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93