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1515 Richmond Ave 4,300 SF Office Building Point Pleasant Beach, NJ 08742 $1,814,696 CAD ($422.02 CAD/SF) 5.62% Cap Rate
EXECUTIVE SUMMARY
Great investment opportunity to own a single-tenant NNN property occupied by Hackensack Meridian Health w/ a AA credit rating. Hackensack has renewed their lease for 5 years as of 5/1/25, and has (1) additional 5-year option remaining.
PROPERTY FACTS
Sale Type
Investment NNN
Sale Condition
1031 Exchange
Property Type
Office
Property Subtype
Building Size
4,300 SF
Building Class
B
Year Built/Renovated
1966/2014
Price
$1,814,696 CAD
Price Per SF
$422.02 CAD
Cap Rate
5.62%
NOI
$102,042 CAD
Tenancy
Single
Building Height
1 Story
Typical Floor Size
4,300 SF
Building FAR
0.20
Lot Size
0.50 AC
Zoning
GC - See GC Zoning attached in Documents
Parking
18 Spaces (3.91 Spaces per 1,000 SF Leased)
AMENITIES
- Air Conditioning
MAJOR TENANTS
- TENANT
- INDUSTRY
- SF OCCUPIED
- RENT/SF
- LEASE TYPE
- LEASE END
- Hackensack Meridian Health
- Health Care and Social Assistance
- 4,300 SF
- $23.73 CAD
- Triple Net
- Apr 2030
| TENANT | INDUSTRY | SF OCCUPIED | RENT/SF | LEASE TYPE | LEASE END | |
| Hackensack Meridian Health | Health Care and Social Assistance | 4,300 SF | $23.73 CAD | Triple Net | Apr 2030 |
1 1
Walk Score®
Very Walkable (79)
PROPERTY TAXES
| Parcel Number | 25-00133-0000-00055 | Improvements Assessment | $457,961 CAD |
| Land Assessment | $598,872 CAD | Total Assessment | $1,056,832 CAD |
PROPERTY TAXES
Parcel Number
25-00133-0000-00055
Land Assessment
$598,872 CAD
Improvements Assessment
$457,961 CAD
Total Assessment
$1,056,832 CAD
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1515 Richmond Ave
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