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162 Route 35, Eatontown, New Jersey 162 Highway 35 5,460 SF 100% Leased Office Building Eatontown, NJ 07724 $2,500,000 ($457.88/SF)
INVESTMENT HIGHLIGHTS
- Directly across from the Entrance of Fort Monmouth
- Performing Tenant of 5+ Years will renew lease
- Heavily Trafficked Corridor
EXECUTIVE SUMMARY
Existing Tenant will sign a market NNN lease with 3% yearly increases with the new owner for a period of 3 – 7 Years with fixed options to renew. Tenant will make sure that they have options to renew unless the sale price warrants an early exit. This will be negotiated prior to signing a Purchase and Sale Agreement.
** Seller has ownership of Seacrest Recover Center.
** Seller has ownership of Seacrest Recover Center.
PROPERTY FACTS
Sale Type
Investment
Property Type
Office
Property Subtype
Medical
Building Size
5,460 SF
Building Class
B
Year Built
2011
Price
$2,500,000
Price Per SF
$457.88
Percent Leased
100%
Tenancy
Multiple
Building Height
2 Stories
Typical Floor Size
3,210 SF
Slab To Slab
10’
Building FAR
0.19
Lot Size
0.68 AC
Zoning
C-12.5
Parking
21 Spaces (4.76 Spaces per 1,000 SF Leased)
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PROPERTY TAXES
| Parcel Number | 12-00201-0000-00006 | Improvements Assessment | $748,000 |
| Land Assessment | $594,000 | Total Assessment | $1,342,000 |
PROPERTY TAXES
Parcel Number
12-00201-0000-00006
Land Assessment
$594,000
Improvements Assessment
$748,000
Total Assessment
$1,342,000
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162 Route 35, Eatontown, New Jersey | 162 Highway 35
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