162 Route 35 - Medical FOR SALE


Eatontown, NJ 07724
$1,800,000 USD
732-359-3203
162 Route 35, Eatontown, NJ for Sale
$1,800,000 USD
Medical - FOR SALE
1/21
null | 7.28% Cap Rate

162 Route 35
Eatontown, NJ 07724


HIGHLIGHTS

  • Directly across from the Entrance of Fort Monmouth
  • Heavily Trafficked Corridor
  • Performing Tenant of 5+ Years will renew lease

OVERVIEW

Existing Tenant will sign a Lease for $24 P.S.F with 3% yearly increases with the new owner for a period of 3 – 7 Years with fixed options to renew. Tenant will make sure that they have options to renew unless the sale price warrants an early exit. This will be negotiated prior to signing a Purchase and Sale Agreement. ** Seller has ownership of Seacrest Recover Center.

FOR SALE DETAILS

PRICE

$1,800,000 USD

PRICE/SF

$330 USD /SF

CAP RATE

7.28%

% LEASED

-

TENANCY

Single

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

162 Route 35, Eatontown, New Jersey

PROPERTY TYPE

Office

PROPERTY SUBTYPE

Medical

ADD'L SUBTYPES

Storefront Retail/Office

TOTAL BUILDING SIZE

-

STORIES

2

BUILDING CLASS

B

YEAR BUILT

2011

SPRINKLERS

-

PARKING SPACES

26

LAND DETAILS

LAND ACRES

0.69 AC

LAND SF

30,056 SF

ZONING

Office/Retail

APN/PARCEL ID

12-00201-0000-00006

ASK ABOUT THIS PROPERTY

Ryan CurranCurran CommercialMore Info
732-359-3203

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Ryan CurranCurran CommercialMore Info
732-359-3203

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