SOLDOffice
The Birch Group Acquires Office Building In Princeton, NJ For $47.3M
600 Alexander Park Drive, Princeton, NJ, USA
$47,300,000
$222/SF
Building Size
213,110 SF
Asset Type
Office
Closing
Jul 23, 2020
AI
The office property located at 600 & 700 Alexander Park Dr in Princeton, NJ was recently sold. The transaction took place on July 23, 2021.
Summary of transaction details:
- Property Type: Office
- Sale Price: $47,300,000
- Square footage: 213,110
- Price per square foot: $222
- Address: 600 & 700 Alexander Park Dr, Princeton, NJ
- Market: Princeton, NJ
The buyer of this property was The Birch Group, represented by Mark Meisner. They acquired the office asset from BentallGreenOak. The broker involved in the deal was Kevin O'Hearn LL.
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
0.34%
Cash-on-Cash
-0.10%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93