American Equity Partners Acquires 98,500 SF Office In Princeton For $7.5M
5 Vaughn Dr, Princeton, NJ 08540, USA
$7,500,000
$76/SF
Building Size
98,500 SF
Asset Type
Office
Closing
Oct 25, 2020
AI
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
Princeton 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
2.12%
Cash-on-Cash
-0.60%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93