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50 Millstone Rd, East Winds...

Strategic Funding Alternatives LLC Acquires Property In East Windsor For $26.2M With Jeffrey Dunne As Seller's Rep
SOLDOffice

Strategic Funding Alternatives LLC Acquires Property In East Windsor For $26.2M With Jeffrey Dunne As Seller's Rep

50 Millstone Rd, East Windsor, NJ, 085...

$26,200,000

$89/SF

Building Size

291,550 SF

Asset Type

Office

Closing

Nov 20, 2023

AI

The Windsor Corporate Center, located at 50 Millstone Rd in East Windsor, NJ, has been sold for $26,200,000. The property encompasses a total of 291,550 square feet and is situated on a 39-acre campus consisting of four buildings. At the time of the sale, the property was approximately 65 percent leased. It offers access to major transportation routes including the New Jersey Turnpike, Interstate 295, and proximity to the Princeton Junction train station. Amenities featured within the campus include a full-service cafeteria, an auditorium, and a fitness center.

Summary of transaction details:

  • Property Type: Office Campus
  • Transaction Amount: $26,200,000
  • Address: 50 Millstone Rd, East Windsor, NJ
  • Market: East Windsor
  • Square Feet: 291,550
  • Seller's Representative: Jeffrey Dunne - CBRE
  • Buyer: Strategic Funding Alternatives LLC

Jeffrey Dunne, along with his colleagues Jeremy Neuer and Steven Bardsley from CBRE, represented the seller, Raith Capital Partners, in this transaction. The broker team was also responsible for procuring the buyer, Strategic Funding Alternatives LLC.

Players

Jeffrey Dunne

CBRE

Broker

$4.1B

vol

88 deals

Broker
SL
Strategic Funding Alternatives LLCBuyer

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

0.61%

Cash-on-Cash

-0.17%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93