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Office Medical

Middletown Medical Arts Plaza

370 NJ-35, Red Bank, NJ 07701

Listing Price: $3,200,000

Cap Rate
7.00%
Gross SF
10,000
Rentable SF
10,000
Price/Gross SF
$320.00
Occupancy
88.3%
Year Built
1987
Lot Size
0.98 acres

Investment Overview

Atlantic ENT: Medical Doctors(Husband and Wife Duo) who focus on Ear, Nose, Throat, Head & Neck Treatments. Monmouth Surgery Center: Focuses on Facial Plastic Surgery + Connected with Atlantic ENT Operator. MedSpa 370: Provides aesthetic services, medical grade facials, lash lift, etc. + Eight(8) Year Operating history. iagroup: Government contractor providing professional unclaimed property examination and compliance services. Precision Eye: Optometrist led by Dr.Derdova + Beautiful Interior Space($250K Spent on TI) + Excellent Reviews/Family Atmosphere. DeGennaro Pediatric Group: Focus on infants, Adolescents, Special Needs Kids + Twenty-Six(26) year operating history

Investment Highlights

  • Long Term Ownership with Stable Cash Flow for 28+ Years
  • 10,000 SF, Six (6)-tenant medical office situated on 0.98 acres along Rte 35 (40K VPD) with ~90% occupancy and 70 Spaces.
  • Leasing the last 1,250 SF available suite offers the potential to grow NOI by ~ $41,250 at $33.00 PSF
  • AHI is $156K & Population 52K within 3 Mile Radius
  • Netflix is developing a large-scale production studio campus in Monmouth county, 6 miles from subject site

Exclusively Listed By

Broker of Record

  • Jim McGuckin

    Managing Director, Market Leader - New Jersey

    (201) 742-6100

    License(s) NJ: 2082114

    New Jersey

Financing By

Office Medical

Middletown Medical Arts Plaza

Listing Price: $3,200,000

Cap Rate
7.00%
Gross SF
10,000
Rentable SF
10,000
Price/Gross SF
$320.00
Occupancy
88.3%
Year Built
1987
Lot Size
0.98 acres

Investment Highlights

  • Long Term Ownership with Stable Cash Flow for 28+ Years
  • 10,000 SF, Six (6)-tenant medical office situated on 0.98 acres along Rte 35 (40K VPD) with ~90% occupancy and 70 Spaces.
  • Leasing the last 1,250 SF available suite offers the potential to grow NOI by ~ $41,250 at $33.00 PSF
  • AHI is $156K & Population 52K within 3 Mile Radius
  • Netflix is developing a large-scale production studio campus in Monmouth county, 6 miles from subject site

Investment Overview

Atlantic ENT: Medical Doctors(Husband and Wife Duo) who focus on Ear, Nose, Throat, Head & Neck Treatments. Monmouth Surgery Center: Focuses on Facial Plastic Surgery + Connected with Atlantic ENT Operator. MedSpa 370: Provides aesthetic services, medical grade facials, lash lift, etc. + Eight(8) Year Operating history. iagroup: Government contractor providing professional unclaimed property examination and compliance services. Precision Eye: Optometrist led by Dr.Derdova + Beautiful Interior Space($250K Spent on TI) + Excellent Reviews/Family Atmosphere. DeGennaro Pediatric Group: Focus on infants, Adolescents, Special Needs Kids + Twenty-Six(26) year operating history

Exclusively Listed By

Broker of Record

  • Jim McGuckin

    Managing Director, Market Leader - New Jersey

    (201) 742-6100

    License(s): NJ: 2082114

    New Jersey

Financing By

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