Princeton Pike Corporate Center
An office property in Lawrence Township, New Jersey. Securitized in 1 CMBS deal in 2016.
$199.0MAppraised value (latest deal)
87.5%Occupancy
$12.5MUnderwritten NOI
6.3%Implied cap rate
- Address
- 100, 989, 993, 997, 1000, 1009, 1200, and 2000 Lenox Drive, Lawrence Township, NJ 08648
- Property type
- Office · Suburban
- Year built
- 1978-2007
- Size
- 809,458 SF
- Sponsor
- David Werner
- Loan purpose
- Acquisition
- Largest tenant
- Stark & Stark
Appearances in CMBS deals
| Deal | Cut-off / filing | Appraised | Occ. | UW NOI | Cap | Loan / alloc. bal. | LTV | DSCR | Source |
|---|---|---|---|---|---|---|---|---|---|
| MSC 2016-UBS9 | 2016-03-09 | $199.0M | 87.5% | $12.5M | 6.3% | $45.0M | 65.3% | 1.38x | 424B |
Historical NOI reported in MSC 2016-UBS9
| Period ending | NOI |
|---|---|
| 10/31/2015 TTM | $10.8M |
| 12/31/2014 | $9.9M |
| 12/31/2013 | $9.8M |
More CMBS properties in New Jersey →
Figures are read from Annex A-1 of the trust's SEC prospectus as of the deal's cut-off date. Parsing can misread a cell; the prospectus link is the authoritative source. Implied cap rate = underwritten NOI ÷ appraised value, shown only between 2% and 20%.