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932 Route 206 16,596 SF 100% Leased Office Building Princeton, NJ 08540 $6,500,000 ($391.66/SF) 6.21% Cap Rate
INVESTMENT HIGHLIGHTS
- Princeton Medical Investment
- Stabilized Long Term Leases with Annual Rent Increases
- Surgery Center Infrastructure
EXECUTIVE SUMMARY
Brand New to the Market! Premier Medical Office Investment with Surgery Center.
932 State Road, Princeton, NJ 08540
932 State Road is 100% occupied by The Princeton Center for Plastic Surgery, GenPsych, and Princeton Surgiplex (Surgery Center). The building has full elevator access, and the roof was recently replaced in 2021.
• 16,596 SF Two Story Medical-Office Investment
• 100% Occupied
• Asking Price: $6,500,000.00
• NOI: $403,789
• CAP Rate: 6.21%
• Year Built / Renovated: 1972 / 2021. The roof was replaced in 2021.
• Parking: 61 Total Parking Spaces
• The building has 1 passenger elevator.
• The property is located on the heavily traveled US Route 206 (State Road) in the heart of Princeton.
• US Route 206 has approximately 24,621 vehicles per day.
Please reach out to Matt Miller for additional financial information.
Email: matt@legacyrealynj.com
Cell: 908-770-0686
932 State Road, Princeton, NJ 08540
932 State Road is 100% occupied by The Princeton Center for Plastic Surgery, GenPsych, and Princeton Surgiplex (Surgery Center). The building has full elevator access, and the roof was recently replaced in 2021.
• 16,596 SF Two Story Medical-Office Investment
• 100% Occupied
• Asking Price: $6,500,000.00
• NOI: $403,789
• CAP Rate: 6.21%
• Year Built / Renovated: 1972 / 2021. The roof was replaced in 2021.
• Parking: 61 Total Parking Spaces
• The building has 1 passenger elevator.
• The property is located on the heavily traveled US Route 206 (State Road) in the heart of Princeton.
• US Route 206 has approximately 24,621 vehicles per day.
Please reach out to Matt Miller for additional financial information.
Email: matt@legacyrealynj.com
Cell: 908-770-0686
PROPERTY FACTS
Sale Type
Investment
Sale Condition
1031 Exchange
Property Type
Office
Property Subtype
Building Size
16,596 SF
Building Class
B
Year Built
1972
Price
$6,500,000
Price Per SF
$391.66
Cap Rate
6.21%
NOI
$403,789
Percent Leased
100%
Tenancy
Multiple
Building Height
2 Stories
Typical Floor Size
8,298 SF
Building FAR
0.35
Lot Size
1.09 AC
Zoning
C
Parking
61 Spaces (3.68 Spaces per 1,000 SF Leased)
1 1
PROPERTY TAXES
| Parcel Number | 13-34001-0000-00073 | Improvements Assessment | $1,335,600 |
| Land Assessment | $259,000 | Total Assessment | $1,594,600 |
PROPERTY TAXES
Parcel Number
13-34001-0000-00073
Land Assessment
$259,000
Improvements Assessment
$1,335,600
Total Assessment
$1,594,600
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932 Route 206
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