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

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SOLD
$2,190,000

New Jersey

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

191 Clarksville Road

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Office13,000 SF
Sold
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Summary

NEW JERSEY
Asset Type:Office
Price Per Square Foot:$168
Total Square Footage:13,000 SF
Transaction Type:Sale

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

8 deals$10M volume
BROKER

Sheldon Gross Realty
BROKERAGE

Details

SOLD
IMAGE: Jonathan Glick DATE: 05/16/2025 ADDRESS: 191 Clarksville Road MARKET: Princeton Junction ASSET TYPE: Office BROKER: Jonathan Glick - Sheldon Gross Realty (@SheldonGrossRealty) SALE PRICE: $2,190,000 SF: 13,000 ~ PPSF: $168 NOTE: A 13,000 SF office building at 191 Clarksville Road in Princeton Junction sold for $2.19M to an undisclosed investor.Jonathan Glick of Sheldon Gross Realty brokered the deal, highlighting the property’s potential for lab conversion and proximity to pharma hubs.

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Deal Type
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)

$116,800.01

Debt Service Coverage Ratio (DSCR)

0.94x

Cap Rate

5.33%

Cash Flow (Annual)-$7,780.60
Cash-on-Cash Return-1.27%
Monthly Debt Service$10,381.72
Annual Debt Service$124,580.61