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Jonathan Glick Of Sheldon Gross Realty Brokers 13,000 SF Office Sale In Princeton Junction For $2.19M
SOLD
$2,190,000
New Jersey
See Similar DealsOffice13,000 SF
Sold
SOLD
Jonathan Glick Of Sheldon Gross Realty Brokers 13,000 SF Office Sale In Princeton Junction For $2.19M
191 Clarksville Road
See Similar DealsOffice13,000 SF
Sold
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.
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Deal Type
30 years
10 years
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
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