American Equity Partners Acquires 98,500 SF Office In Princeton For $7.5M
SOLD
$7,500,000
New Jersey
See Similar DealsOffice98,500 SF
Sold 10/26/2020
SOLD
American Equity Partners Acquires 98,500 SF Office In Princeton For $7.5M
5 Vaughn Dr, Princeton, NJ 08540, USA
See Similar DealsOffice98,500 SF
Sold 10/26/2020
Summary
NEW JERSEY
Asset Type:Office
Price Per Square Foot:$76
Total Square Footage:98,500 SF
Transaction Type:Sale
A 98,500 square foot office property located at 5 Vaughn Drive in Princeton has been sold in a recent closed transaction. The property was purchased by American Equity Partners from Mack-Cali Realty Corporation. The sale price for the property was $7,500,000, resulting in a price per square foot of $76.
Summary of transaction details
- Property Type: Office
- Transaction Amount: $7,500,000
- Address: 5 Vaughn Drive, Princeton
- Square Footage: 98,500
- Market: Princeton
MaryAnne Gilmartin and Ricardo Cardoso of Mack-Cali Realty Corporation represented the seller in this transaction.
Players
Details
Stay in the Know
Subscribe for insider commercial real estate news, deal highlights, and market insights—delivered straight to your inbox.
By subscribing, you agree to our Terms of Service and Privacy Policy.
Similar Deals
Contact
Get in touch with the broker you want
Suggestions
CRE CalculatorAnalyze deals based on income, expenses, and financing. We automatically filled the calculator with data from the deal you are viewing, fill free to modify it to see how it affects the results.
Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$400,000.01
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$26,645.91
Cash-on-Cash Return-1.27%
Monthly Debt Service$35,553.83
Annual Debt Service$426,645.92
Is there something missing? Send suggestions