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1225 Bay Avenue 1225 Bay Ave 2,250 SF 100% Leased Office Building Point Pleasant, NJ 08742 $1,018,266 CAD ($452.56 CAD/SF)
Investment Highlights
- High visibility area
Executive Summary
Fully leased mixed-use property with first floor office/retail space and second floor two bed, 1 bath apartment. Office lease expires 12/31/2026 with option to renew for one year. Paying $1,311/month Apartment lease expires March 2027, paying $2,350/month. Solar panels are owned.
Financial Summary (Actual - 2025) |
Annual (CAD) | Annual Per SF (CAD) |
|---|---|---|
| Gross Rental Income |
$59,726
|
$26.54
|
| Other Income |
-
|
-
|
| Vacancy Loss |
-
|
-
|
| Effective Gross Income |
$59,726
|
$26.54
|
| Taxes |
$12,671
|
$5.63
|
| Operating Expenses |
-
|
-
|
| Total Expenses |
$12,671
|
$5.63
|
| Net Operating Income |
-
|
-
|
Financial Summary (Actual - 2025)
| Gross Rental Income (CAD) | |
|---|---|
| Annual | $59,726 |
| Annual Per SF | $26.54 |
| Other Income (CAD) | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Vacancy Loss (CAD) | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Effective Gross Income (CAD) | |
|---|---|
| Annual | $59,726 |
| Annual Per SF | $26.54 |
| Taxes (CAD) | |
|---|---|
| Annual | $12,671 |
| Annual Per SF | $5.63 |
| Operating Expenses (CAD) | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Total Expenses (CAD) | |
|---|---|
| Annual | $12,671 |
| Annual Per SF | $5.63 |
| Net Operating Income (CAD) | |
|---|---|
| Annual | - |
| Annual Per SF | - |
Property Facts
Sale Type
Investment or Owner User
Property Type
Office
Property Subtype
Building Size
2,250 SF
Building Class
B
Year Built
1974
Price
$1,018,266 CAD
Price Per SF
$452.56 CAD
Percent Leased
100%
Tenancy
Multiple
Building Height
2 Stories
Typical Floor Size
1,125 SF
Building FAR
0.30
Lot Size
0.17 AC
Zoning
NC - Neighborhood Commercial
Parking
3 Spaces (1.33 Spaces per 1,000 SF Leased)
Major Tenants
- Tenant
- Industry
- SF Occupied
- Rent/SF
- Lease End
- Advanced Insurance Agency
- Finance and Insurance
- -
- -
- -
| Tenant | Industry | SF Occupied | Rent/SF | Lease End | ||
| Advanced Insurance Agency | Finance and Insurance | - | - | - |
1 1
Fairly walkable
50/100
Exceptionally drivable
90/100
Some public transit
50/100
Moderately bikeable
60/100
Property Taxes
| Parcel Number | 25-00143-0000-00009 | Total Assessment | $524,550 CAD |
| Land Assessment | $350,337 CAD | Annual Taxes | $12,671 CAD ($5.63 CAD/SF) |
| Improvements Assessment | $174,213 CAD | Tax Year | 2025 |
Property Taxes
Parcel Number
25-00143-0000-00009
Land Assessment
$350,337 CAD
Improvements Assessment
$174,213 CAD
Total Assessment
$524,550 CAD
Annual Taxes
$12,671 CAD ($5.63 CAD/SF)
Tax Year
2025
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1225 Bay Avenue | 1225 Bay Ave
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