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Middletown Medical Arts Plaza 370 Route 35 S 10,000 SF 100% Leased Office Building Red Bank, NJ 07701 $4,381,984 CAD ($438.20 CAD/SF) 6.96% Cap Rate
Investment Highlights
- PROVEN MEDICAL OFFICE INVESTMENT – SAME OWNERSHIP SINCE 1997
- EXCELLENT DEMOGRAPHICS - MONMOUTH COUNTY/CENTRAL JERSEY CACHET
- VALUE ADD COMPONENT – ONLY ONE REMAINING AVAILABLE SPACE (1,250 SQ FT)
- MAJOR NETFLIX STUDIO DEVELOPMENT - REGIONAL ECONOMIC CATALYST
Property Facts
Sale Type
Investment
Property Type
Office
Property Subtype
Building Size
10,000 SF
Building Class
B
Year Built/Renovated
1987/2010
Price
$4,381,984 CAD
Price Per SF
$438.20 CAD
Cap Rate
6.96%
NOI
$305,197 CAD
Percent Leased
100%
Tenancy
Multiple
Building Height
2 Stories
Typical Floor Size
5,000 SF
Building FAR
0.21
Lot Size
1.10 AC
Zoning
C-12.5 - Commercial/Professional
Parking
70 Spaces (7 Spaces per 1,000 SF Leased)
Amenities
- Central Heating
- Wi-Fi
- Air Conditioning
- Smoke Detector
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Property Taxes
| Parcel Number | 32-00932-0000-00006 | Improvements Assessment | $1,130,472 CAD |
| Land Assessment | $791,781 CAD | Total Assessment | $1,922,254 CAD |
Property Taxes
Parcel Number
32-00932-0000-00006
Land Assessment
$791,781 CAD
Improvements Assessment
$1,130,472 CAD
Total Assessment
$1,922,254 CAD
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Middletown Medical Arts Plaza | 370 Route 35 S
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