Updated Oct 28, 2024
OrbVest Acquires Medical Office In East Windsor For $20M
300a Princeton Hightstown Road, East Windsor, NJ, USA
$20,000,000
$250/SF
Building Size
80,000 SF
Asset Type
Office
Closing
Jun 1, 2020
About this deal
AI
The medical office located at 300A & 300B Princeton Hightstown Road in East Windsor has been sold for $20,000,000. The property spans 80,000 square feet, resulting in a price per square foot of $250. The sale transaction took place on June 1, 2021. The buyer of the property is OrbVest, represented by Martin Freeman and Wythe Medical Properties. The seller in this transaction is Gordon Group. The brokerage services were provided by Kim Kretowicz of Colliers.
Summary of transation details
- Property Type: Medical Office
- Transaction Amount: $20,000,000
- Address: 300A & 300B Princeton Hightstown Road, East Windsor
- Market: East Windsor
- Buyer: OrbVest - Martin Freeman & Wythe Medical Properties
- Seller: Gordon Group
- Broker: Kim Kretowicz - Colliers
- Square Footage: 80,000
- Price per Square Foot: $250
Martin Freeman and Wythe Medical Properties represented OrbVest in the transaction as their brokers. This successful deal showcases the strategic investment made by OrbVest in the East Windsor medical office market. The involvement of Kim Kretowicz from Colliers as the broker adds another layer of expertise to the transaction.
On the Map
$20,000,000
$250/SF
Office
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Players
East Windsor 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
0.79%
Cash-on-Cash
-0.23%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93