Press Releases
Marcus & Millichap Facilitates $8.05 Million Sale of Anchored Medical Center in Monmouth County
May 22, 2025
EATONTOWN, N.J., May 22, 2025 – Marcus & Millichap (NYSE: MMI), a leading commercial real estate brokerage firm specializing in investment sales, financing, research and advisory services, announced today the sale of a fully occupied, anchored medical center located at 142 NJ-35 in Eatontown, New Jersey, for $8,050,000.
“Investor demand for well-located medical properties remains strong,” said Brent Hyldahl, first vice president investments. “Our team successfully navigated a very complex environment to get this one across the finish line.”
Hyldahl, Alan Cafiero and Seth Goldberg, investment specialists in Marcus & Millichap’s New Jersey office, exclusively marketed the property on behalf of the seller, PB7 Associates, and procured the buyer, Aspen Court Partners LLC.
The property, known as Aspen Court, is a 27,965-square-foot medical office center situated on 1.65 acres along Route 35, which sees nearly 30,000 vehicles per day. The center is anchored by Advanced Endoscopy & Surgical Center, which recently executed a 10-year lease extension. Other tenants include Carbon Health Urgent Care, Atlantic Medical Imaging, Eatontown Dental and others. Located in Monmouth County, the property is minutes from Monmouth Mall, Long Branch Beach and Monmouth University, with nearby retailers such as Lowe’s, Lidl and Wawa.
“Investor demand for well-located medical properties remains strong,” said Brent Hyldahl, first vice president investments. “Our team successfully navigated a very complex environment to get this one across the finish line.”
Hyldahl, Alan Cafiero and Seth Goldberg, investment specialists in Marcus & Millichap’s New Jersey office, exclusively marketed the property on behalf of the seller, PB7 Associates, and procured the buyer, Aspen Court Partners LLC.
The property, known as Aspen Court, is a 27,965-square-foot medical office center situated on 1.65 acres along Route 35, which sees nearly 30,000 vehicles per day. The center is anchored by Advanced Endoscopy & Surgical Center, which recently executed a 10-year lease extension. Other tenants include Carbon Health Urgent Care, Atlantic Medical Imaging, Eatontown Dental and others. Located in Monmouth County, the property is minutes from Monmouth Mall, Long Branch Beach and Monmouth University, with nearby retailers such as Lowe’s, Lidl and Wawa.
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About Marcus & Millichap, Inc. (NYSE: MMI)
Marcus & Millichap, Inc. is a leading brokerage firm specializing in commercial real estate investment sales, financing, research and advisory services with offices throughout the United States and Canada. As of December 31, 2024, the company had 1,712 investment sales and financing professionals in over 80 offices who provide investment brokerage and financing services to sellers and buyers of commercial real estate. The company also offers market research, consulting and advisory services to clients. Marcus & Millichap closed 7,836 transactions in 2024, with a sales volume of approximately $49.6 billion. For additional information, please visit www.MarcusMillichap.com.
