150 College Road West Update 05/16/23

Princeton Office Building Trades for $12.7M

A 3-story commercial building, located at 150 College Road West in Princeton, New Jersey, has just been sold for $12.7 million. The structure was purchased by Strategic Funding Alternatives from the previous owner, Nessel Development, in a deal brokered by CBRE.

Constructed in 2001, the Class-A facility features 71,995 square feet of office space. The property also boasts a large, 285-vehicle parking lot for employees.

The building sits on a 7.64-acre lot, with a decent amount of unused space behind the structure. Nessel Development will make a respectable return on investment with this sale, as the Texas-based developer purchased the property for $10.65 million back in December of 2019.

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