Office
Auction - Nassau Holdings 10-Year Sale/Leaseback
704 Howe St, Point Pleasant, NJ 08742
Starting Bid: $300,000
Investment Overview
Register to bid and access due diligence documents: https://www.loopnet.com/Listing/704-Howe-St-Point-Pleasant-NJ/38424855/
Secure a dependable income stream through the acquisition of 704 Howe Street, a boutique professional office property offered with a 5-year sale-leaseback from Nassau Holdings, a privately held real estate investment firm with more than 40 years of operating history. Tailored for investors seeking stable cash-flow backed by an established tenant, the opportunity combines immediate income generation with long-term appreciation potential in one of the Jersey Shore’s most desirable coastal communities.
The 2,800-square-foot office building spans two stories and has been meticulously maintained to preserve both functionality and presentation. Distinctive Coastal Shingle Style architecture featuring cedar shingles, a signature corner turret, multiple gables, and expansive windows creates a memorable presence. Professional landscaping, surface parking, and fiber-optic infrastructure further enhance the property’s operational appeal and long-term usability.
Situated with convenient access to Route 35 and the Garden State Parkway, the property benefits from strong regional connectivity while enjoying a unique coastal setting just off the Point Pleasant Canal and less than a mile from the beach. Bay Head Station, with NJ Transit service, is approximately 1.3 miles away, and a variety of popular dining destinations, including Shore Fresh Seafood Market & Restaurant, MonAlyssa Italian Restaurant, and Woodshed Pizza, are located within walking distance. This combination of accessibility, lifestyle amenities, and established commercial activity supports tenant retention and sustained demand.
The offering is further reinforced by favorable fundamentals within the Ocean County office submarket, where vacancy remains tight at 5.4% and rent growth has outpaced the broader metro over the past year. Supported by a five-year average annual rent growth rate of 3.2%, the property presents an opportunity to pair dependable leaseback income with exposure to a market demonstrating consistent performance.
Property tours are by appointment only. Please contact the listing broker to schedule.
Investment Highlights
- Auction - November 2-4 | Starting Bid: $300,000
- Nassau Holdings is a Privately held Real Estate Investment Firm
- Nassau Holdings Owns Approximately 20 Commercial Properties Along with Several Operating Businesses
- Newly Built in 2005 – 2,800 Square Foot Structure on Two Stories
Starting Bid: $300,000
Investment Highlights
- Auction - November 2-4 | Starting Bid: $300,000
- Nassau Holdings is a Privately held Real Estate Investment Firm
- Nassau Holdings Owns Approximately 20 Commercial Properties Along with Several Operating Businesses
- Newly Built in 2005 – 2,800 Square Foot Structure on Two Stories
Investment Overview
Register to bid and access due diligence documents: https://www.loopnet.com/Listing/704-Howe-St-Point-Pleasant-NJ/38424855/ Secure a dependable income stream through the acquisition of 704 Howe Street, a boutique professional office property offered with a 5-year sale-leaseback from Nassau Holdings, a privately held real estate investment firm with more than 40 years of operating history. Tailored for investors seeking stable cash-flow backed by an established tenant, the opportunity combines immediate income generation with long-term appreciation potential in one of the Jersey Shore’s most desirable coastal communities. The 2,800-square-foot office building spans two stories and has been meticulously maintained to preserve both functionality and presentation. Distinctive Coastal Shingle Style architecture featuring cedar shingles, a signature corner turret, multiple gables, and expansive windows creates a memorable presence. Professional landscaping, surface parking, and fiber-optic infrastructure further enhance the property’s operational appeal and long-term usability. Situated with convenient access to Route 35 and the Garden State Parkway, the property benefits from strong regional connectivity while enjoying a unique coastal setting just off the Point Pleasant Canal and less than a mile from the beach. Bay Head Station, with NJ Transit service, is approximately 1.3 miles away, and a variety of popular dining destinations, including Shore Fresh Seafood Market & Restaurant, MonAlyssa Italian Restaurant, and Woodshed Pizza, are located within walking distance. This combination of accessibility, lifestyle amenities, and established commercial activity supports tenant retention and sustained demand. The offering is further reinforced by favorable fundamentals within the Ocean County office submarket, where vacancy remains tight at 5.4% and rent growth has outpaced the broader metro over the past year. Supported by a five-year average annual rent growth rate of 3.2%, the property presents an opportunity to pair dependable leaseback income with exposure to a market demonstrating consistent performance. Property tours are by appointment only. Please contact the listing broker to schedule.