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191 Clarksville Road

Jonathan Glick Of Sheldon Gross Realty Brokers 13,000 SF Office Sale In Princeton Junction For $2.19M
SOLDOffice

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

Jonathan Glick

Broker

$10M

vol

8 deals

Broker
Sheldon Gross Realty
Sheldon Gross Realty Brokerage

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