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Office Building
Route 9, Freehold, NJ 07728
Last Verified 9/29/2010
Listing ID 13914914
Highlights
Great Location with rapid growth- Excellent return on investment
- Low Maintenance
- Flexible use for variety of professionals
- Consistent growth in tenancy over the past five years
- Possible conversion to medical office
Description
Modern Office Building recently rennovated, located on 1.6 acres of property. Building consists of two 14,000 sqft floors, and has parking for 108 cars, septic system, well water, and cablevison access. Building has been well maintained and upgrated with new roof and utilities. Most tenants on month to month lease. Building could be converted for a variety of uses if desired. Tenancy increases on average 5% per year. Tenants include professional services companies, medical professionals and government and religious organizations. PLEASE NOTE THAT BY THE END OF NEXT YEAR, A MAJOR TENANT WILL BE LEAVING WHICH WILL SEVERELY IMPACT THE REVENUE ON THIS PROPERTY. THIS LISTING IS NOW SUITABLE FOR ONLY A OWNER/OPERATOR OR DEVELOPER.
Located in Monmouth County outside of the Freehold area. Area is in a rapidly growing business area with many local small business entrepeneurs. Building is in close proximity to town, and major medical center and has diverse group of tenats.
Map of Route 9, Freehold, NJ 07728
Created 5/4/2004
The information above has
been obtained from sources believed reliable. While we do not doubt its accuracy we have not verified
it and make no guarantee, warranty or representation about it. It is your responsibility to independently
confirm its accuracy and completeness. Any projections, opinions, assumptions, or estimates used are
for example only and do not represent the current or future performance of the property. The value of
this transaction to you depends on tax and other factors which should be evaluated by your tax, financial,
and legal advisors. You and your advisors should conduct a careful, independent investigation of the
property to determine to your satisfaction the suitability of the property for your needs. TB-BSO