10 Allen St - Office CONDO FOR SALE


Toms River, NJ 08753- Downtown Toms River
$2,650,000 USD
732-244-4900
10 Allen St, Toms River, NJ for Sale
$2,650,000 USD
Office CONDO - FOR SALE
1/8
null | 6.04% Cap Rate

10 Allen St
Toms River, NJ 08753
Downtown Toms River


HIGHLIGHTS

  • •  7.35% Stabilized Cap Rate – Attractive entry point with built-in upside
  • •  NNN Lease Structure – Predictable, low-management income
  • • Institutional-Quality Tenants – National and regional leaders in home health services, mental health counseling, and insurance
  • • Value-Add Upside – Lease-up of ~1,975 SF vacant space adds ~$36,000/year
  • • Prime Downtown Location – Walking distance to Ocean County Courthouse; excellent Parkway access. 4th-floor suites offer views of the Toms River.
  • • Condo Ownership Flexibility – Easier financing, owner-user potential, resale options

OVERVIEW

4 Story, elevator-served professional office building, built in 1986. Zoned Village Seaport. Excellent downtown Toms River location, close to the County Court Complex, Toms River Municipal offices, and more. All tenants in stable, service-oriented professional sectors on NNN leases. There are 70 shared surface parking spaces. UNITS INCLUDED IN PACKAGE: We are listing unit 1A-1400 sf; 1C-1540 sf; 1D-475 sf; 4A-3750 sf and 4B-2250sf Units 1C and 1D totaling 2015 SF are currently vacant. The other units are all leased. ACCESS & DIRECTIONS FROM GARDEN STATE PARKWAY Easy Regional Access. From Garden State Parkway Northbound/Southbound: • Take Exit 82 (Route 37 toward Seaside Heights / Toms River) or Exit 83 (Route 9 / Lakewood) • Follow signs to downtown Toms River via Route 37 or Route 9 • Short drive (5–10 minutes) to Allen Street in the professional district

FOR SALE DETAILS

PRICE

$2,650,000 USD

PRICE/SF

$281 USD /SF

CAP RATE

6.04%

# OF UNITS

1

CONDO SIZE

-

% LEASED

-

TENANCY

Multiple

SALE TYPE

Investment Or Owner User

BUILDING DETAILS

PROPERTY NAME

Allen Street Professional Center

PROPERTY TYPE

Office

TOTAL BUILDING SIZE

22,553 SF

STORIES

4

BUILDING CLASS

B

YEAR BUILT

1986

SPRINKLERS

-

PARKING SPACES

70

LAND DETAILS

LAND ACRES

1.13 AC

LAND SF

49,223 SF

ZONING

VS

APN/PARCEL ID

08-00664-0000-00008-0000

ASK ABOUT THIS PROPERTY

Mark KotzasCrossroads Realty Inc.More Info
732-244-4900

By clicking the button, you agree to Showcase's Terms of Use and Privacy Notice.

Mark KotzasCrossroads Realty Inc.More Info
732-244-4900

By clicking the button, you agree to Showcase's Terms of Use and Privacy Notice.