Office Building with Heavy
707 Alexander Rd Princeton, NJ 08540
For Sale
Contact for pricing
Office building featuring separate HVAC systems, large bathrooms, and heavy 1,200-amp electrical service.
Property Size15,955 SF
Price / SF$250
Days on Market352
Property Features for 707 Alexander Rd
General Information
Standard status
Active
Size
15,955 SF
Property subtype
OFFICE
Listing Agency:
Fennelly Associates
(609) 306-3158
Listed By:
Gerard J. Fennelly
(609) 306-3158
Source:
Moodyscre
Added: Aug 12, 2025
Changed: Jul 26
Last Checked: Jul 28 at 2:58PM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Fennelly Associates
Investment Insights
Based on property information with market context.
This office building offers a functional floor configuration with drop ceiling heights of 9’6” and deck height of 17’, along with large bathrooms and multiple exits. The building is supported by separate HVAC systems and heavy power service totaling 1,200 amps.
Parking is available at approximately 4 cars per 1,000 square feet. The property is across the street from the Princeton Hyatt and within walking distance of Princeton Junction Train Station commuter rail service on the NEC Corridor. Additional access includes proximity to NJ Turnpike, I-95, and Route 1.
Overall, the combination of separate climate control, ample electrical capacity, and multiple egress points supports a variety of office uses seeking reliable infrastructure.
Parking is available at approximately 4 cars per 1,000 square feet. The property is across the street from the Princeton Hyatt and within walking distance of Princeton Junction Train Station commuter rail service on the NEC Corridor. Additional access includes proximity to NJ Turnpike, I-95, and Route 1.
Overall, the combination of separate climate control, ample electrical capacity, and multiple egress points supports a variety of office uses seeking reliable infrastructure.
Key Highlights
- Office building with separate HVAC systems
- Heavy electrical service: 1,200 amps
- Large bathrooms and 9’6” drop ceilings
Financial Insights For Office B
Simulate Cap Rate and NOI
NOI Build-Up
- Vacancy
- income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
- EGI (Effective Gross Income)
- gross rent minus vacancy losses — the realistic income before paying operating costs.
- OpEx (Operating Expenses)
- recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
- NOI (Net Operating Income)
- income a property generates after operating costs but before financing and taxes.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $214.4k | $13.44 |
| − Vacancy | −$23.6k | −$1.48 |
| EGI | $190.8k | $11.96 |
| − OpEx | −$47.7k | −$2.99 |
| NOI | $143.1k | $8.97 |
15,955 SF · lease $13.44/SF/yr · vacancy 11.00% · expense 25.00%
Alternative Uses
Best Use
Office B
$2.04M
$1.79M – $2.39M
NOI $143,135 @ 7.0% cap · market cap 3.59%
Second Best
—
—
no second resolved use
Theoretical Best
Warehouse
$5.13M
$4.49M – $5.99M
NOI $359,332 @ 7.0% cap · market cap 9.01%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Location Intelligence
Current Use
Frequently Asked Questions
What type of property is this?
Office building - Office building featuring separate HVAC systems, large bathrooms, and heavy 1,200-amp electrical service.
Where is this office building located?
The property is located at 707 Alexander Rd Princeton, NJ.
What is the asking price?
The asking price for this property is $3,988,750.
What are key features of this property?
This property features: Office building with separate HVAC systems; Heavy electrical service: 1,200 amps; Large bathrooms and 9’6” drop ceilings
