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PROPERTY NAVIGATION
Investment Summary
Key Highlights
Sales Process
Due Diligence

American Metro Center
Hamilton, NJ (Princeton Office Market)


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487,065 Square Foot Class A Office Complex Adjacent to the Hamilton Train Station in the Princeton Office Market

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Key Property Features

Location: Hamilton Township in the Princeton office market, New Jersey’s strongest and most prestigious non-CBD submarket
Asset: 90% leased, 487,065 square foot Class A office complex in a fully redeveloped, historically significant building with predominantly first generation build-outs
Mass Transit: Sits adjacent to Hamilton Train Station, half way between New York City and Philadelphia on the primary Northeast Corridor line
Major Tenants: Xerox, Rosetta, Consolidated Services Group, Baker Engineering, Euro RSCG, ESPN and Medavante
Efficiency: American Metro Center recently earned ENERGY STAR designation and all base building systems are less than 8 years old
NOI: ±$7.8 million
Absorption: More than 400,000 square feet of absorption since redevelopment
 

As exclusive agent, Cushman and Wakefield is pleased to present American Metro Center for sale. This 90% leased, 487,065 square foot Class A office building is located adjacent to the Hamilton Train Station in the heart of the Princeton office market. A fully redeveloped, historically significant structure, American Metro Center blends the best of old and new and offers distinctive strengths that are unique to the property and not easily replicated in the submarket.

Investment Highlights

  • Adjacent to the recently improved Hamilton Train Station making American Metro Center the largest transit oriented office building in the Princeton Route 1 Corridor
  • Situated in the prestigious Princeton office market, just off I-295/95 and within minutes of the Route 1 corridor
  • Unique asset with a blend of historical and modern improvements that is not easily replicated in the submarket
  • Efficient space with minimal common areas due to primarily one story design results in low loss factor
  • Strength of the Route 1 Corridor submarket
  • Value appreciation and recession resistance associated with close proximity to rail transit
  • Significant tenant investment in spaces
  • Located at a major labor intercept site for the Princeton area, especially for commuters traveling from Bucks County, PA, Southern New Jersey and those using the New Jersey Turnpike
  • Notable companies in the area include Johnson & Johnson, Merrill Lynch, Bristol-Myers Squibb, Novo Nordisk, Bloomberg Financial Markets, Siemens, Church & Dwight, and FMC Corporation, among others
  • 90% leased with Year 1 Net Operating Income of $7.8 million
  • Design particularly attractive to technology, consulting, engineering, architectural, advertising/media and publishing industries
  • Rent roll diversity with staggered rollover - no tenant occupies more than 12% of the complex 

     

 







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For further information, please contact:

Andrew J. Merin
T (201) 460-3358
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David W. Bernhaut
T (201) 460-3356
email      vCard

H. Gary Gabriel
T (201) 460-3352
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Todd A Efland
T (732) 452-6187
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Brian J. Whitmer
T (201) 508-5209
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Investment Summary     Key Highlights     Sales Process     Due Diligence