Property Description

16 Chambers Street presents an exceptional opportunity to acquire a fully leased NNN investment property in one of New Jersey’s most prestigious downtown markets. This three-story Class A building has undergone a complete transformation, featuring a $1 million IVF laboratory build-out and full interior renovation with sophisticated, upscale medical spaces that include a positive pressure IVF laboratory, procedural rooms, modern HVAC, upgraded water and sewer lines, expanded electrical capacity, multi-point security systems, and aesthetic enhancements throughout. The result is a premier healthcare environment tailored to the next generation of life sciences and medical services, offering investors long-term stability and enduring value. The NNN tenants Kindbody, a rapidly expanding fertility and life sciences healthcare provider backed by Google, and Emids, a digital transformation leader in healthcare technology, occupy the entire building under long-term leases. Their commitment to innovation and excellence is reflected in the property’s meticulous upgrades and state-of-the-art infrastructure. The asset sits within the Central Business District zoning, allowing potential for future vertical expansion up to 65 feet, an opportunity for additional value. Adjacent to the newly opened Graduate Hotel Princeton, a $100 million luxury redevelopment project, 16 Chambers Street stands at the intersection of Princeton’s historic charm and its evolving modern identity. Positioned across from Princeton University and steps from Palmer Square, 16 Chambers Street benefits from an unrivaled location surrounded by boutique retailers such as Hermes, Warby Parker, Barbour, and Arhaus, as well as acclaimed dining and cultural landmarks, including the McCarter Theatre and Garden Theatre. The site’s accessibility is enhanced by its proximity to a public parking garage, major roadways, and Princeton Junction Station, connecting directly to New York City and Philadelphia. This vibrant downtown corridor attracts a highly educated and affluent population, with over 84,000 residents within a 5-mile radius and a median household income exceeding $160,000. Originally built as a firehouse, home to Mercer Engine Company No. 3, 16 Chambers Street carries a distinguished local history and now serves as a model of adaptive reuse and architectural renewal. In a market defined by limited inventory and strong demand for institutional-quality assets, 16 Chambers Street represents a rare chance to own a stabilized, high-performing medical investment in one of the Northeast’s most sought-after university towns.

Property Features

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