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Renovated Value-Add Office Opportunity 2 Office Properties Online Auction Sale Princeton, NJ
Investment Highlights
- Prestigious Princeton Location with direct access to Route 1, I-295, I-95, the NJ Turnpike, Princeton Junction Station, and Princeton University.
- Strategically Positioned in Central New Jersey’s Premier Office Corridor with access to an educated workforce and diverse medical professional base.
- Flexible ROM-2 zoning accommodates office, medical/flex, laboratory, and limited light-manufacturing/ research uses.
- Significant Value-Add Opportunity with approximately 24% occupancy, providing significant leased-up potential and value creation.
- Nearly $1.7 Million in Recent Capital Improvements, including upgrades to building systems, renovated lobbies, restrooms, exterior envelope and more.
- Anchored by a Long-Term Medical Tenant, with Bierman ABA Autism Center, providing stable cash flow.
Executive Summary
Colliers is pleased to present the opportunity to acquire Alexander Corporate Park (the “Property”), a ±109,016 square foot multi-building office campus located at 742 & 746 Alexander Road in Princeton, Mercer County, New Jersey. Situated on ±9.67 acres within the prestigious Princeton office market, the Property offers exceptional regional accessibility via Route 1, Interstate 295, Interstate 95, the New Jersey Turnpike, and Routes 202 and 206. Its central location provides convenient access to both New York City and Philadelphia, positioning the Property within one of New Jersey’s most established business corridors.
The Property consists of two interconnected office buildings totaling ±109,016 square feet, including a three-story ±49,411 square foot building at 742 Alexander Road and a two-story ±59,605 square foot building at 746 Alexander Road plus windowed lower level. The campus layout provides flexibility for a wide range of occupancy scenarios, including owner-user, multi-tenant, or single-tenant configurations. Currently approximately 24% occupied, the Property offers a purchaser both an immediate income stream and significant lease-up upside. Existing tenancy includes Bierman ABA Autism Center, a long-term medical tenant providing a durable cash flow foundation. Since 2021, ownership has invested approximately $1,700,000 in capital improvements across building systems, interiors, the exterior envelope, and landscaping, enhancing the quality and competitiveness of the asset. As a result, investors have the opportunity to acquire a recently improved campus at a basis that reflects current vacancy rather than its stabilized potential, while capitalizing on substantial leasing upside within the Princeton office market.
742 and 746 Alexander Road are strategically positioned within one of the Northeast’s premier academic and corporate corridors, providing tenants with direct access to a highly educated workforce and a diverse employment base. The Property is located near renowned institutions including Princeton University and The College of New Jersey (TCNJ), which contribute to a strong pipeline of professional, technical, and research talent. The surrounding market is home to a concentration of globally recognized employers such as Bristol Myers Squibb, BlackRock, Novo Nordisk, Munich Re, Integra LifeSciences, ETS, and Penn Medicine Princeton Health, supporting sustained demand from life sciences, financial services, healthcare, technology, and professional services organizations.
The Property consists of two interconnected office buildings totaling ±109,016 square feet, including a three-story ±49,411 square foot building at 742 Alexander Road and a two-story ±59,605 square foot building at 746 Alexander Road plus windowed lower level. The campus layout provides flexibility for a wide range of occupancy scenarios, including owner-user, multi-tenant, or single-tenant configurations. Currently approximately 24% occupied, the Property offers a purchaser both an immediate income stream and significant lease-up upside. Existing tenancy includes Bierman ABA Autism Center, a long-term medical tenant providing a durable cash flow foundation. Since 2021, ownership has invested approximately $1,700,000 in capital improvements across building systems, interiors, the exterior envelope, and landscaping, enhancing the quality and competitiveness of the asset. As a result, investors have the opportunity to acquire a recently improved campus at a basis that reflects current vacancy rather than its stabilized potential, while capitalizing on substantial leasing upside within the Princeton office market.
742 and 746 Alexander Road are strategically positioned within one of the Northeast’s premier academic and corporate corridors, providing tenants with direct access to a highly educated workforce and a diverse employment base. The Property is located near renowned institutions including Princeton University and The College of New Jersey (TCNJ), which contribute to a strong pipeline of professional, technical, and research talent. The surrounding market is home to a concentration of globally recognized employers such as Bristol Myers Squibb, BlackRock, Novo Nordisk, Munich Re, Integra LifeSciences, ETS, and Penn Medicine Princeton Health, supporting sustained demand from life sciences, financial services, healthcare, technology, and professional services organizations.
Offering Memorandum Click Here to Access
Data Room Click Here to Access
- 1. Financials
- 2. Property Information
- 3. Offering Memorandum
- Purchase Agreement
- Title and Insurance
Market Analytics Click Here to Access
Property Facts
| Sale Condition | Auction Sale | Number of Properties | 2 |
| Type of Ownership | Fee Simple | Total Building Size | 109,016 SF |
| Sale Type | Investment | Total Land Area | 9.67 AC |
| Status | Active |
| Sale Condition | Auction Sale |
| Type of Ownership | Fee Simple |
| Sale Type | Investment |
| Status | Active |
| Number of Properties | 2 |
| Total Building Size | 109,016 SF |
| Total Land Area | 9.67 AC |
Properties
| Property Name / Address | Property Type | Size | Year Built |
|---|---|---|---|
| 746 Alexander Rd, Princeton, NJ 08540 | Office | 59,605 SF | 1978 |
| 742 Alexander Rd, Princeton, NJ 08540 | Office | 49,411 SF | 1985 |
Sale Advisors
Sale Advisors
Jacklene Chesler, Vice Chair
Jacklene serves as Vice Chair and provides Investment Sales & Advisory expertise to institutional and private investors. She focuses on all major product types including Office, Industrial, Retail, Residential/Mixed Use and Land. She has vast experience in working with Special Servicers (Loan and REO teams), Asset Mangers and other Fidicuciary Agents on CMBS and balance sheet properties, and other type of distressed assets. She is also very active with marketing and selling properties via online auctions, most notable Tenx.com.
Jacklene joined the firm in 2013. Prior to Colliers, she was a Director for the NKF Capital Markets Tri-State Team from 2008 to 2013. She has been a top 10% producer for Colliers from 2014 to current year and recognized for this achievement by being part of the prestigious Everest Club.
Jacklene joined the firm in 2013. Prior to Colliers, she was a Director for the NKF Capital Markets Tri-State Team from 2008 to 2013. She has been a top 10% producer for Colliers from 2014 to current year and recognized for this achievement by being part of the prestigious Everest Club.
Patrick Norris, Senior Vice President
Patrick Norris, Senior Vice President, has been part of the commercial real estate industry since 2016. He specializes in institutional, as well as private investor sale transactions throughout New Jersey and the surrounding tri-state metropolitan region. In addition to executing highly competitive traditional marketing campaigns, Patrick is an expert at selling properties via online auction platforms including Ten-X Commercial.
Patrick has been involved in the marketing and sale of office, retail, industrial and multi-family assets. He was recognized by Real Estate Weekly as a “2018 Rising Star of Real Estate”. Patrick was named to the Mid Atlantic Real Estate Journal’s 2022 “30 Under 30”. Also he received the Platinum Broker Award by Crexi.
Patrick is a member of National Association of Industrial and Office Professionals (NAIOP) Developing Leaders, Industrial and Office Real Estate Brokers Association (IOREBA) Next Gen and International Council of Shopping Centers (ICSC).
Patrick has been involved in the marketing and sale of office, retail, industrial and multi-family assets. He was recognized by Real Estate Weekly as a “2018 Rising Star of Real Estate”. Patrick was named to the Mid Atlantic Real Estate Journal’s 2022 “30 Under 30”. Also he received the Platinum Broker Award by Crexi.
Patrick is a member of National Association of Industrial and Office Professionals (NAIOP) Developing Leaders, Industrial and Office Real Estate Brokers Association (IOREBA) Next Gen and International Council of Shopping Centers (ICSC).
About the Auction Technology
Auctions by Ten-X are the #1 transaction technology powering commercial real estate transactions online. With over $34B in total transactions, these auctions use best-in-class technology and real-time asset intelligence to put listings in the best position to find the perfect buyer. The expedited auction timeline, comprehensive due diligence, and buyer qualification make transactions twice as fast and twice as certain for brokers, owners, and investors.
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Auction Contact
Victoria Quade
Contact
Auctioneer License:
Ten-X Commercial, LLC Arlene Richardson RE Brkr 2187404
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Photos
Street View
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3% Transaction Fee
Based on Winning Bid Amount
Minimum Transaction Fee
$20,000
Maximum Transaction Fee
$300,000
Example Calculation
Winning Bid Amount
$5,000,000
Transaction Fee
$150,000 (3%)
Total Purchase Price
$5,150,000
Presented by
Renovated Value-Add Office Opportunity
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