1701 Valley Rd - Light Distribution FOR SALE


Ocean, NJ 07712- Wanamassa
$4,000,000 USD
732-963-7983
1701 Valley Rd, Ocean, NJ for Sale
$4,000,000 USD
Light Distribution - FOR SALE
1/7
null | Request Cap Rate

1701 Valley Rd
Ocean, NJ 07712
Wanamassa


HIGHLIGHTS

  • Thriving location
  • Favorable Zoning
  • Units in very high demand
  • Value Add potential

OVERVIEW

Prime investment property right off Highway 35 in thriving Ocean Township. 100% occupied small warehouse/flex units perfect for small businesses, contractors, etc. Ten (10) warehouse units in the front and 11 storage units (200 SF each) in the back all with overhead bay doors. Current rents are 30% below market, so new owners can add value quickly with most tenants on short term and month-to-month leases. Lots of new development in the immediate area (residential and commercial) and plenty of traffic from nearby highways and shopping centers, including Wegmans, Costco, Seaview. Property brings in over $21,000/month in rental income and longtime owners have never had a vacancy longer than a month. Units are in such high demand, that there is typically a waitlist to get in. Tenants are responsible for their own separately metered gas and electric meters, snow plowing, and garbage removal. Very low maintenance property with long-term stability given the steady demand for these small to medium sized warehouse/flex units. Please contact Frank Henry by email at fhenry@brokersnetworknj.com or phone at (732) 963-7983 for detailed rent roll, expenses and market comps.

FOR SALE DETAILS

PRICE

$4,000,000 USD

PRICE/SF

$184 USD /SF

CAP RATE

Request Cap Rate

% LEASED

-

TENANCY

Multiple

SALE TYPE

Investment Or Owner User

BUILDING DETAILS

PROPERTY TYPE

Flex

PROPERTY SUBTYPE

Light Distribution

ADD'L SUBTYPES

undefined, Distribution, Warehouse

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

1960

UTILITIES

-

CLEAR CEILING HT

-

DOCKS

-

DRIVE INS

30

PARKING SPACES

50

LAND DETAILS

LAND ACRES

1.6

LAND SF

69,696

ZONING

I-0

APN/PARCEL ID

37-00189-0000-00004

ASK ABOUT THIS PROPERTY

Frank HenryThe Brokers NetworkMore Info
732-963-7983

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Frank HenryThe Brokers NetworkMore Info
732-963-7983

By clicking the button, you agree to Showcase's Terms of Use and Privacy Policy.