932 Route 206 - Medical FOR SALE


Princeton, NJ 08540
$6,500,000 USD
908-770-0686
932 Route 206, Princeton, NJ for Sale
$6,500,000 USD
Medical - FOR SALE
1/10
null | 6.29% Cap Rate

932 Route 206
Princeton, NJ 08540


HIGHLIGHTS

  • Princeton Medical Investment
  • Surgery Center Infrastructure
  • Stabilized Long Term Leases with Annual Rent Increases

OVERVIEW

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: $408,786 • CAP Rate: 6.29% • 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

FOR SALE DETAILS

PRICE

$6,500,000 USD

PRICE/SF

$392 USD /SF

CAP RATE

6.29%

% LEASED

-

TENANCY

Multiple

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Office

PROPERTY SUBTYPE

Medical

ADD'L SUBTYPES

Loft/Creative Space, Telecom Hotel/Data Hosting, Office/Residential

TOTAL BUILDING SIZE

-

STORIES

2

BUILDING CLASS

B

YEAR BUILT

1972

SPRINKLERS

-

PARKING SPACES

61

LAND DETAILS

LAND ACRES

1.09 AC

LAND SF

47,480 SF

ZONING

C

APN/PARCEL ID

13-34001-0000-00073

ASK ABOUT THIS PROPERTY

Matt MillerLegacy Commercial Realty, LLCMore Info
908-770-0686

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Matt MillerLegacy Commercial Realty, LLCMore Info
908-770-0686

By clicking the button, you agree to Showcase's Terms of Use and Privacy Policy.