707 Alexander Rd, Princeton, NJ 08540
Office and medical space for sale near Princeton University.
- Added:
- Apr 5, 2023
- Days on Market:
- 1190
- Last Refresh:
- Jul 5 at 6:38 am
Property Features for 707 Alexander Rd
General Information
- Standard status
- Active
- Size
- 24,168 SF
- Property subtype
- Office
Listing office Fennelly Associates, Inc
Listing date Apr 5, 2023
Source Crexi
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, Inc
HighLights
- Walkable to Princeton Junction Train Station (NEC Corridor)
- Easy access to NJ Turnpike, I‑95 & Rt. 1
- Across the Street from Princeton Hyatt
- Heavy Power: 1200 Amps
- Parking: 4 Cars per 1,000 SF
- Separate HVAC Systems
Overview
Local Financial Insights For Healthcare Medical
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 | $713.4k | $29.52 |
| − Vacancy | −$154.1k | −$6.38 |
| EGI | $559.3k | $23.14 |
| − OpEx | −$223.7k | −$9.26 |
| NOI | $335.6k | $13.89 |
Alternative Uses
Current Use by Public Records
Similar Places Nearby
- Princeton Animal Hospital & Carnegie Cat Clinic — 726 Alexander Rd, Princeton, NJ 08540
Location Insight
- Map
- Local Demand
- City
- Princeton
- County
- Mercer
- State
- New Jersey
- Longitude
- -74.6383827
- Latitude
- 40.3232746
