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10 Allen St - Allen St. Professional Center, 5 Office Condo 9,503 SF Office Condo Unit Offered at $2,650,000 in Toms River, NJ 08753
Investment Highlights
- • NNN Lease Structure – Predictable, low-management income
- • Value-Add Upside – Lease-up of ~1,500 SF vacant space adds ~$28,500/year
- • Condo Ownership Flexibility – Easier financing, owner-user potential, resale options
- • 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.
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. UNITS INCLUDED IN PACKAGE: We are listing unit 1A-1528 sf; 1C-1500 sf; 1D-475 sf; 4A-3750 sf and 4B-2250sf Unit 1C 1500 SF vacant. The other units are all leased. 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
1 Unit Available
- Unit
- Unit Size
- Condo Use
- Price
- NOI
| Sale Type | Investment or Owner User | No. Parking Spaces | 70 |
| Cap Rate | 6.22% | APN/Parcel ID | 08-00664-0000-00008-0000 |
| Sale Type | Investment or Owner User |
| Cap Rate | 6.22% |
| No. Parking Spaces | 70 |
| APN/Parcel ID | 08-00664-0000-00008-0000 |
| Unit | Unit Size | Condo Use | Price | NOI |
| Unit 1AC,D,4A,B | 9,503 SF | Office | $2,650,000 ($278.86/SF) | $164,854.80 |
Unit 1AC,D,4A,B
| Unit Size |
| 9,503 SF |
| Condo Use |
| Office |
| Price |
| $2,650,000 ($278.86/SF) |
| NOI |
| $164,854.80 |
Unit 1AC,D,4A,B
| Unit Size | 9,503 SF |
| Condo Use | Office |
| Price | $2,650,000 ($278.86/SF) |
| NOI | $164,854.80 |
| Sale Type | Investment or Owner User |
| Cap Rate | 6.22% |
| No. Parking Spaces | 70 |
| APN/Parcel ID | 08-00664-0000-00008-0000 |
| Description | |
| 5 Condo unit package (9,503 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. Floor plan of the available units is attached to this listing.</li></ul> |
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
Major Tenant Information
| TENANT | SF Occupied | LEASE END DATE |
|---|---|---|
| Thriveworks |
-
|
November 2027
|
| Coastal Solutions |
-
|
September 2017
|
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10 Allen St - Allen St. Professional Center, 5 Office Condo
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