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 | 6.26% Cap Rate

10 Allen St
Toms River, NJ 08753
Downtown Toms River


HIGHLIGHTS

  • •  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 ~1,500 SF vacant space adds ~$28,500/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

1031 Exchange - Ideal Office Investment Property Excellent opportunity to acquire 5 office condos representing approximately 41% ownership of the building. This institutional-quality office investment offers a strong 6.5% cap rate with significant built-in upside and immediate cash flow. The property features NNN leases with high-credit national and regional tenants in home health services, mental health counseling, and insurance -- providing predictable, low-management income with minimal landlord responsibilities. A solid value-add opportunity with excellent potential for rent growth and appreciation. Ideal for 1031 exchange investors seeking stability and long-term upside.

FOR SALE DETAILS

PRICE

$2,650,000 USD

PRICE/SF

$279 USD /SF

CAP RATE

6.26%

# OF UNITS

1

CONDO SIZE

-

% LEASED

-

TENANCY

Multiple

SALE TYPE

Investment Or Owner User

BUILDING DETAILS

PROPERTY NAME

Allen St. Professional Center, 5 Office Condo

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

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

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