Property Type: Medical Office / Commercial Condominium Total Building Size: Approx. 42,000 SF (Unit's 1 & 2) Occupancy: 100% Leased (Unit #2) | Lot Size: ±4.38Acres Parking: 195 Spaces (Surplus of 47 Over Code) Year Built: 2009 Lease Structure: 8 NNN Leases (Unit #2) | Pays Cam and a % of the grounds (Unit #1) Expansion Potential: 6,000 – 9,000 SF ( above Rebirth Recovery) Investment Overview The Neptune Medical Arts Building presents a rare opportunity to acquire a high-quality, institutional-grade medical office asset located directly across from the Jersey Shore University Medical Center, a major regional trauma and healthcare hub. The property is configured as a two-unit commercial condominium: Unit #1 is occupied by Jersey Shore Imaging which owns and maintains its interior space and is responsible for CAM, mechanicals, and a % of the grounds. The presence of specialized imaging equipment and proximity to the hospital make this tenancy highly stable and non-relocatable. Unit #2 spans 34,545 SF and is fully leased to 8 medical tenants, including anchor users such as Hackensack Meridian, Neurosurgery Institute, and Rebirth Recovery. All leases are NNN with annual 3% rent escalations, and several tenants have been in place since the building’s completion in 2009. Key Highlights Mission-Critical Location: Directly across from one of the largest medical and trauma centers in the region. High Tenant Retention: Long-term tenants with specialized buildouts and medical infrastructure. Inflation-Hedged Income: All leases include annual 3% increases. Development Upside: Potential to expand the building by an additional 6,000–9,000 SF with no impact to current operations. Above-Market Parking Ratio: 195 parking spaces vs. 148 required.