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24802468
24802469

932 State Rd, Princeton, NJ 08540

SK
1433291
Legacy Commercial Realty, LLC
Legacy Commercial Realty LLC
Legacy Commercial Realty LLC
Listed by Legacy Commercial Realty, LLC, Legacy Commercial Realty LLC
$6,500,000
334 days on market
Updated 47 days ago

Princeton Medical Investment & Surgery Center

Details
Property Type Office
Sub Type Medical Office
Square Footage 16,596
Units 3
Cap Rate 6.21%
NOI $403,789
Occupancy 100%
Tenancy Multi
Lease Type Modified
Broker Co-Op Yes
Class B
Year Built 1972
Year Renovated 2021
Stories 2
Parking Spaces 61 per 1,000 sq ft
Sale Condition 1031 exchange

Princeton Multi-Tenant Medical Investment with Surgery Center

Marketing description

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

Investment highlights

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

Listing Contacts

SK
1433291
Legacy Commercial Realty, LLC
Legacy Commercial Realty LLC
Legacy Commercial Realty LLC
Listed by Legacy Commercial Realty, LLC, Legacy Commercial Realty LLC

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Loan Amount
$0.00
Annual Debt Service
$--
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Annual Cash Flow
$403,789.00
$33,649.08/mo

Valuation Metrics

0
DSCR
6.21%
Cap Rate
6.21%
ROI

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