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250 Industrial Way W
Eatontown, NJ 07724
Office Property For Sale
Investment Highlights
- 100% leased to SubCom with an absolute NNN structure and corporate guarantee through October 2029.
- 10.12-acre site with significant surplus parking and an 80-car covered garage for expansion options.
- High-quality infrastructure supports data center readiness, R&D, and office functionality.
- Built-to-suit asset with long-term occupancy since 1999, ensuring operational continuity.
- Strategic Monmouth County location near major highways and strong corporate neighbors.
Executive Summary
This offering represents a stabilized, absolute NNN investment opportunity leased to SubCom, a global industry leader in subsea fiber optic cable systems. The property spans 138,163 square feet of high-quality Class A office and specialized R&D facilities on a generous 10.12-acre lot. SubCom has occupied the building since its construction in 1999 and recently executed a five-year lease extension effective October 2024, reinforcing long-term operational significance and tenancy stability.
The building features infrastructure to support advanced uses, including data center capabilities, R&D labs, and generous parking—521 spaces plus an 80-car covered garage. The absolute NNN structure, secured with a corporate guarantee, delivers durable, passive cash flow through October 2029 with $2.4 million in annual net operating income.
Positioned in Monmouth County with direct access to Routes 18 and 35 and minutes from the Garden State Parkway, the property enjoys established connectivity and proximity to a robust corporate corridor. The 10.12-acre parcel also offers flexibility for future redevelopment or expansion, presenting an attractive long-term investment anchored by credit tenancy and redevelopment potential
The building features infrastructure to support advanced uses, including data center capabilities, R&D labs, and generous parking—521 spaces plus an 80-car covered garage. The absolute NNN structure, secured with a corporate guarantee, delivers durable, passive cash flow through October 2029 with $2.4 million in annual net operating income.
Positioned in Monmouth County with direct access to Routes 18 and 35 and minutes from the Garden State Parkway, the property enjoys established connectivity and proximity to a robust corporate corridor. The 10.12-acre parcel also offers flexibility for future redevelopment or expansion, presenting an attractive long-term investment anchored by credit tenancy and redevelopment potential
Property Facts
Sale Type
Investment NNN
Sale Condition
Redevelopment Project
Property Type
Office
Building Size
138,163 SF
Building Class
B
Year Built
1999
Percent Leased
100%
Tenancy
Multiple
Building Height
2 Stories
Typical Floor Size
69,082 SF
Building FAR
0.31
Lot Size
10.12 AC
Zoning
BP-2 - Office building
Parking
441 Spaces (3.19 Spaces per 1,000 SF Leased)
Property Taxes
| Parcel Number | 12-03502-0000-00006 | Improvements Assessment | $40,468,836 CAD |
| Land Assessment | $7,831,362 CAD | Total Assessment | $48,300,198 CAD |
Property Taxes
Parcel Number
12-03502-0000-00006
Land Assessment
$7,831,362 CAD
Improvements Assessment
$40,468,836 CAD
Total Assessment
$48,300,198 CAD
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