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

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SOLD
$26,200,000

New Jersey

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Office291,550 SF
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SOLD

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...

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Office291,550 SF
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Summary

NEW JERSEY
Asset Type:Office
Price Per Square Foot:$89
Total Square Footage:291,550 SF
Transaction Type:Sale

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
86 deals$4B volume
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Details

SOLD
IMAGE: 50 Millstone Rd, East Windsor, NJ, 085... MARKET: East Windsor SELLER'S REP: Jeffrey Dunne - CBRE BUYER: Strategic Funding Alternatives LLC PRICE: $26,200,000.00 SF: 291550

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Deal Type
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)

$1,397,333.33

Debt Service Coverage Ratio (DSCR)

0.94x

Cap Rate

5.33%

Cash Flow (Annual)-$93,083.07
Cash-on-Cash Return-1.27%
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