2100 Corlies Ave - Medical FOR SALE


Neptune, NJ 07753- Downtown Neptune City
$17,500,000 USD
646-379-4217
2100 Corlies Ave, Neptune, NJ for Sale
$17,500,000 USD
Medical - FOR SALE
1/18
null | 4.86% Cap Rate

2100 Corlies Ave
Neptune, NJ 07753
Downtown Neptune City


HIGHLIGHTS

  • The building is fully Leased with anchor tenants.
  • Built in 2009 for several tenants that are still in place.
  • 195 parking spaces available.
  • Across the street from New Jersey Shore Medical Center / Trauma Hospital.
  • Some tenants have been there since 2009

OVERVIEW

2100 Corlies Avenue is a Commercial Condominium consisting of two units built is 2009 with 195 parking spots located directly across the street from Jersey Shore Medical / Trauma Center, on nearly 4.5 acres of land. The interior of unit #1 is owned and operated by Jersey Shore Imaging. They pay cam and are responsible for the interior of unit #1 along with mechanicals and ground maintenance. Unit #2, spans 34,545 SF has 8 tenants. All leases are NNN. Consisting of Hackensack Meridian, Neurosurgery Institute and Rebirth Recovery and more. These are anchor tenants that have multi year leases that renew with 3% increases per year. The location of the property, the quality of construction and the easiness for the patients that either come from the Hospital or on their own is paramount for the stability of these tenants. The cost of the radiology and imaging equipment here is extremely expensive and would be very difficult and costly to move. Some tenants have been here since 2009. The leases are sticky. Located right off The Garden State Parkway, a short distance from the intersection of Rt. 33 and Rt. 18. offering some of the highest visibility possible. Across the street from a Hackensack Meridian Medical / Trauma Center. The required parking spaces for 2100 Corlies Avenue are only 148. This property has 195, so there is potential to build approximately another 6,000 - 9,000SF and can do on top of Rebirth Rehabilitation and can do so without disrupting current tenants. Call Michael at 646-379-4217 for more information.

FOR SALE DETAILS

PRICE

$17,500,000 USD

PRICE/SF

$417 USD /SF

CAP RATE

4.86%

% LEASED

-

TENANCY

Multiple

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Neptune City Medical Arts Building

PROPERTY TYPE

Office

PROPERTY SUBTYPE

Medical

TOTAL BUILDING SIZE

-

STORIES

1

BUILDING CLASS

A

YEAR BUILT

2009

SPRINKLERS

-

PARKING SPACES

195

LAND DETAILS

LAND ACRES

4.38 AC

LAND SF

190,793 SF

ZONING

HC, Neptune Township

APN/PARCEL ID

36-00116-0000-00002-02

ASK ABOUT THIS PROPERTY

Michael FronteraDouglas EllimanMore Info
646-379-4217

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Michael FronteraDouglas EllimanMore Info
646-379-4217

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