Updated Oct 28, 2024
Kawa Capital Management Acquires Office Building In Princeton For $45M
7-9 Roszel Road, Princeton, New Jersey 08540, United States
$45,000,000
$149/SF
Building Size
302,000 SF
Asset Type
Office
Closing
Mar 2, 2022
About this deal
AI
The West Windsor Commons office property located at 7-9 Roszel Road in Princeton has been sold in a recent transaction. The sale, which took place on 03/03/2022, involved a total area of 302,000 square feet and was valued at $45,000,000. The buyer, Kawa Capital Management, acquired the property from the seller, John Hancock Financial - Manulife. The sale price translated to a price per square foot of $149, reflecting the market value of the asset.
Summary of transaction details
- Property Type: Office
- Transaction Amount: $45,000,000
Henry Bodek from Galaxy Capital served as the broker in this transaction, representing both the buyer, Kawa Capital Management, and the seller, John Hancock Financial - Manulife. Galaxy Capital was responsible for arranging the fee sale and ground lease in this deal.
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
0.35%
Cash-on-Cash
-0.10%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93