Liberty Harbor Leases Retail Space To O'Bagel At 32 Witherspoon Street In Princeton New Jersey
32 Witherspoon Street
$95
$95/SF
Building Size
2,020 SF
Asset Type
Retail
Closing
Sep 30, 2025
AI
The retail asset located at 32 Witherspoon Street in Princeton, NJ, has a total square footage of 2,020 and is under a Modified Gross Lease for a duration of 10 years. The asking rent for the property is set at $95 per square foot. The landlord for this transaction is Liberty Harbor, and the tenant is O'Bagel.
Summary of transaction details:
- Property Type: Retail
- Transaction Amount: $95/ft
- Lease Term: 10 Years
- Lease Type: Modified Gross Lease
- Address: 32 Witherspoon Street
- Market: Princeton, NJ
- Landlord: Liberty Harbor
- Tenant: O'Bagel
- Brokers: Ben Biberaj, Brandon Efap & Joseph Sobolov - IPRG Retail Leasing
The transaction involved the leasing of the property, with the representation from Ben Biberaj, Brandon Efap, and Joseph Sobolov, who are affiliated with IPRG Retail Leasing. Their role was instrumental in facilitating the agreement between Liberty Harbor and O'Bagel.
Players
Princeton Retail Market Snapshot
Boundary boundary · Retail · Lease transactions
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
166978.95%
Cash-on-Cash
-47723.10%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93