Streamline Realty Funding Provides $29.7M Loan For Office Property In Princeton
100 Overlook Center, Princeton, NJ, USA
$29,700,000
$187/SF
Building Size
158,180 SF
Asset Type
Office
Closing
Jan 21, 2021
AI
Located at 100 Overlook Center in Princeton, this property is a 158,180 square foot office asset. The transaction took place on January 22, 2021.
Summary of transaction details
- Property Type: Office
- Transaction Amount: $29,700,000
- Address: 100 Overlook Center
- Market: Princeton
Cali Group served as the landlord in this deal, while Streamline Realty Funding provided a three-year loan of $29,700,000. The transaction was facilitated by John Alascio, Sri Vankayala, Chuck Kohaut, and T.J. Sullivan of Cushman & Wakefield.
Players
Princeton Office Market Snapshot
Boundary boundary · Office · Loan transactions
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
0.53%
Cash-on-Cash
-0.15%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93