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NJ Office Sale-Leaseback/Long Term Occupant 704 Howe St 2,800 SF Office Building Online Auction Sale Point Pleasant, NJ 08742
Matterport 3D Tours
Investment Highlights
- Boutique office offered for auction with a 5-year sale-leaseback from Nassau Holdings, supporting stable cash flow.
- 2,800-SF facility spanning two stories on a 0.24-acre site with surface parking and fiber optic connectivity for ±80 phone lines.
- Located 1.3 miles from Bay Head Station with convenient access to Route 35 and the Garden State Parkway.
- Nassau Holdings has operated for 40+ years and owns approximately 20 commercial properties and several businesses.
- Walkable coastal location near Bay Head Station, the Point Pleasant Canal, beaches, and popular dining destinations.
- Ocean County’s office submarket posts just 5.4% vacancies and 2.0% annual rent growth, exceeding metro averages.
Executive Summary
Secure a dependable income stream through the acquisition of 704 Howe Street, a boutique professional office property offered with a 5-year sale-leaseback from Nassau Holdings, a privately held real estate investment firm with more than 40 years of operating history. Tailored for investors seeking stable cash-flow backed by an established tenant, the opportunity combines immediate income generation with long-term appreciation potential in one of the Jersey Shore’s most desirable coastal communities.
The 2,800-square-foot office building spans two stories and has been meticulously maintained to preserve both functionality and presentation. Distinctive Coastal Shingle Style architecture featuring cedar shingles, a signature corner turret, multiple gables, and expansive windows creates a memorable presence. Professional landscaping, surface parking, and fiber-optic infrastructure further enhance the property’s operational appeal and long-term usability.
Situated with convenient access to Route 35 and the Garden State Parkway, the property benefits from strong regional connectivity while enjoying a unique coastal setting just off the Point Pleasant Canal and less than a mile from the beach. Bay Head Station, with NJ Transit service, is approximately 1.3 miles away, and a variety of popular dining destinations, including Shore Fresh Seafood Market & Restaurant, MonAlyssa Italian Restaurant, and Woodshed Pizza, are located within walking distance. This combination of accessibility, lifestyle amenities, and established commercial activity supports tenant retention and sustained demand.
The offering is further reinforced by favorable fundamentals within the Ocean County office submarket, where vacancy remains tight at 5.4% and rent growth has outpaced the broader metro over the past year. Supported by a five-year average annual rent growth rate of 3.2%, the property presents an opportunity to pair dependable leaseback income with exposure to a market demonstrating consistent performance.
Property tours are by appointment only. Please contact the listing broker to schedule.
The 2,800-square-foot office building spans two stories and has been meticulously maintained to preserve both functionality and presentation. Distinctive Coastal Shingle Style architecture featuring cedar shingles, a signature corner turret, multiple gables, and expansive windows creates a memorable presence. Professional landscaping, surface parking, and fiber-optic infrastructure further enhance the property’s operational appeal and long-term usability.
Situated with convenient access to Route 35 and the Garden State Parkway, the property benefits from strong regional connectivity while enjoying a unique coastal setting just off the Point Pleasant Canal and less than a mile from the beach. Bay Head Station, with NJ Transit service, is approximately 1.3 miles away, and a variety of popular dining destinations, including Shore Fresh Seafood Market & Restaurant, MonAlyssa Italian Restaurant, and Woodshed Pizza, are located within walking distance. This combination of accessibility, lifestyle amenities, and established commercial activity supports tenant retention and sustained demand.
The offering is further reinforced by favorable fundamentals within the Ocean County office submarket, where vacancy remains tight at 5.4% and rent growth has outpaced the broader metro over the past year. Supported by a five-year average annual rent growth rate of 3.2%, the property presents an opportunity to pair dependable leaseback income with exposure to a market demonstrating consistent performance.
Property tours are by appointment only. Please contact the listing broker to schedule.
Matterport 3D Tours
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Matterport 3D Exterior
Matterport 3D Tour
Photos
Street View
Street
Map
Offering Memorandum Click Here to Access
Data Room Click Here to Access
- Offering Memorandum
- Operating and Financials
- Purchase Agreement
- Title and Insurance
Market Analytics Click Here to Access
Property Facts
Sale Type
Investment
Sale Condition
Auction Sale
Type of Ownership
Fee Simple
Property Type
Office
Building Size
2,800 SF
Building Class
B
Year Built
2005
Tenancy
Single
Building Height
2 Stories
Typical Floor Size
1,400 SF
Building FAR
0.27
Lot Size
0.24 AC
Parcel Number
25-00275-01-00017
Zoning
R-3
Parking
12 Spaces (4.29 Spaces per 1,000 SF Leased)
Fairly walkable
50/100
Very drivable
80/100
Minimal public transit
10/100
Fairly bikeable
40/100
Demographics
Demographics
1 mile
3 mile
5 mile
2025 Population
10,879
49,199
115,418
2020 Population
8,851
44,607
106,888
2030 Population
11,542
51,089
119,160
2025-2030 Projected Population Growth
6.1%
3.8%
3.2%
Daytime Employees
3,650
14,074
43,167
Total Businesses
603
2,229
6,526
Average Household Income
$149,233
$145,060
$140,969
Median Household Income
$118,111
$116,339
$112,460
Total Consumer Spending
$178.7M
$785M
$1.8B
Median Age
46.7
45.2
45.7
2025 Households
4,518
19,719
46,486
Percent College Degree or Above
31%
30%
27%
Average Home Value
$718,765
$659,687
$630,669
Sale Advisors
Sale Advisors
Alan Cafiero, Senior Managing Director Investments
Alan Cafiero leads the largest team of investment sales agents in the New Jersey Marcus & Millichap office who focus on representing owners and developers in the disposition of commercial real estate assets. Alan specializes in selling net lease properties, retail shopping centers, office and industrial properties in New Jersey and the Northeast. After 14+ years in the business, Alan has closed over 450 transactions totaling over $1.6 Billion of real estate.
Alan graduated from Seton Hall University in 2004 with a B.S. in Business Administration, with a concentration in Finance and Sports Management.
Alan and Ben are the top performing team for Marcus & Millichap in New Jersey. Alan has received Sales Recognition Awards each year from 2011 – 2021, the National Achievement Award each year from 2015 – 2021, and received the Chairman's Club Award in 2021. Alan has twice been named to Mid-Atlantic Real Estate Journal’s Top 40 under 40. Alan is a member of the International Council of Shopping Centers and NAIOP.
Alan graduated from Seton Hall University in 2004 with a B.S. in Business Administration, with a concentration in Finance and Sports Management.
Alan and Ben are the top performing team for Marcus & Millichap in New Jersey. Alan has received Sales Recognition Awards each year from 2011 – 2021, the National Achievement Award each year from 2015 – 2021, and received the Chairman's Club Award in 2021. Alan has twice been named to Mid-Atlantic Real Estate Journal’s Top 40 under 40. Alan is a member of the International Council of Shopping Centers and NAIOP.
Brent Hyldahl, Managing Director Investments
Brent Hyldahl is a retail, medical/office, mixed-use, industrial and net-lease specialist with Marcus & Millichap. Brent exclusively represents buyers and sellers of investment properties throughout the region, and acts in accord with the company-wide mission to help clients create and preserve wealth by providing the best real estate investment sales, financing, research and advisory services available. He works with both sell-side and buy-side clients, representing 1031 exchange buyers, private investors, and private owners.
Seth Goldberg, Associate Director Investments
Seth Goldberg is a member of the Cafiero Team at Marcus and Millichap, in the New Jersey office. Seth is a specialist in exclusively representing both sellers and buyers of retail shopping centers, and single tenant-net leased retail properties in Monmouth and Ocean Counties New Jersey. Using his expertise of the market, paired with a client forward advisory approach, Seth seamlessly guides his clients through the sale or purchase of their investment properties, consistent with their financial goals. Seth is extremely focused on providing his clients with the greatest level of service, while sticking to the firms’ mission of creating and preserving wealth for his clients.
Seth graduated from Rutgers University with a Bachelor of Arts degree in Economics and a Minor in Entrepreneurship. He is a member of Marcus and Millichap’s National Retail Group (NRG) and the International Council of Shopping Centers (ICSC).
Seth graduated from Rutgers University with a Bachelor of Arts degree in Economics and a Minor in Entrepreneurship. He is a member of Marcus and Millichap’s National Retail Group (NRG) and the International Council of Shopping Centers (ICSC).
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Videos
Matterport 3D Exterior
Matterport 3D Tour
Photos
Street View
Street
Map
3% Transaction Fee
Based on Winning Bid Amount
Minimum Transaction Fee
$20,000
Maximum Transaction Fee
$300,000
Example Calculation
Winning Bid Amount
$5,000,000
Transaction Fee
$150,000 (3%)
Total Purchase Price
$5,150,000
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NJ Office Sale-Leaseback/Long Term Occupant | 704 Howe St
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