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10 Allen St - Allen Street Professional Center 3,750 SF Office Condo Unit Offered at $2,650,000 in Toms River, NJ 08753
Investment Highlights
- • 7.35% Stabilized Cap Rate – Attractive entry point with built-in upside
- • Institutional-Quality Tenants – National and regional leaders in home health services, mental health counseling, and insurance
- • Prime Downtown Location – Walking distance to Ocean County Courthouse; excellent Parkway access. 4th-floor suites offer views of the Toms River.
- • NNN Lease Structure – Predictable, low-management income
- • Value-Add Upside – Lease-up of ~1,975 SF vacant space adds ~$36,000/year
- • Condo Ownership Flexibility – Easier financing, owner-user potential, resale options
Executive Summary
4 Story, elevator-served professional office building, built in 1986. Zoned Village Seaport. Excellent downtown Toms River location, close to the County Court Complex, Toms River Municipal offices, and more. All tenants in stable, service-oriented professional sectors on NNN leases. There are 70 shared surface parking spaces. ACCESS & DIRECTIONS FROM GARDEN STATE PARKWAY Easy Regional Access. From Garden State Parkway Northbound/Southbound: • Take Exit 82 (Route 37 toward Seaside Heights / Toms River) or Exit 83 (Route 9 / Lakewood) • Follow signs to downtown Toms River via Route 37 or Route 9 • Short drive (5–10 minutes) to Allen Street in the professional district
Property Facts
| Total Building Size | 22,553 SF | Typical Floor Size | 6,379 SF |
| Property Type | Office (Condo) | Year Built | 1986 |
| Building Class | B | Lot Size | 1.13 AC |
| Floors | 4 | Parking Ratio | 2.74/1,000 SF |
| Zoning | VS - VS- Village Seaport Zone | ||
| Total Building Size | 22,553 SF |
| Property Type | Office (Condo) |
| Building Class | B |
| Floors | 4 |
| Typical Floor Size | 6,379 SF |
| Year Built | 1986 |
| Lot Size | 1.13 AC |
| Parking Ratio | 2.74/1,000 SF |
| Zoning | VS - VS- Village Seaport Zone |
Amenities
- Signage
- Central Heating
- Direct Elevator Exposure
- Drop Ceiling
- Air Conditioning
1 Unit Available
Unit 4A
| Unit Size | 3,750 SF | Sale Type | Investment or Owner User |
| Price | $2,650,000 | Cap Rate | 6.04% |
| Price Per SF | $706.67 | NOI | $159,932 |
| Condo Use | Office | No. Parking Spaces | 4 |
| Unit Size | 3,750 SF |
| Price | $2,650,000 |
| Price Per SF | $706.67 |
| Condo Use | Office |
| Sale Type | Investment or Owner User |
| Cap Rate | 6.04% |
| NOI | $159,932 |
| No. Parking Spaces | 4 |
Description
5 condo units (9,528 square feet) in a 4 Story elevator-served professional office building. The available units consist of the entire 4th floor, ( 2 suites have river views) and 3 suites on the first floor. 80% leased with Triple Net leases. Suited for administrative offices, counseling/therapy suites, insurance, legal, financial, and executive users (general professional office, not clinical medical). The space on these two floors is equal to 41% of building ownership. There are 70 shared surface parking spaces.
Major Tenant Information Click Here to Access
| TENANT | SF Occupied | LEASE END DATE |
|---|---|---|
| Thriveworks |
-
|
Jan 0000
|
| Coastal Solutions |
-
|
Jan 0000
|
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10 Allen St - Allen Street Professional Center
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