40 Bey Lea Rd - Medical FOR SALE


Toms River, NJ 08753
$649,000 USD
732-581-4370
40 Bey Lea Rd, Toms River, NJ for Sale
$649,000 USD
Medical - FOR SALE
1/3
null | 8.5% Cap Rate

40 Bey Lea Rd
Toms River, NJ 08753


OVERVIEW

This is an investment sale of Suite C103 that is under lease with Riverside Medical; Management, LLC. A Second Amendment dated 11.18.24 was signed extending the tenancy to 03.31.28 with one three (3) year option to renew at the then Fair Market Rental Value. This Lease is a triple net format. The tenant pays for the real estate taxes, insurance,electric,water, sewer, gas, trash removal, Condominium common area maintenance, and the suites own janitorial services and supplies. This is a true-net lease. There is no obligated broker fee due to a broker upon renewal. Base rent increases on each annual anniversary at 2%. Base rent in year 1 is $60,163.80. Estimated Net Operating Income is $55,245, indicating an approximate 8.5% overall capitalization rate. The suite building and suite are in very good condition with no apparent deferred maintenance issues. The Condominium Association retains the services of a professional property manager.

FOR SALE DETAILS

PRICE

$649,000 USD

PRICE/SF

$29 USD /SF

CAP RATE

8.5%

% LEASED

-

TENANCY

Multiple

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Bldg C Unit 103

PROPERTY TYPE

Office

PROPERTY SUBTYPE

Medical

TOTAL BUILDING SIZE

-

STORIES

2

BUILDING CLASS

B

YEAR BUILT

2003

SPRINKLERS

-

PARKING SPACES

-

LAND DETAILS

LAND ACRES

0.52 AC

LAND SF

22,651 SF

ZONING

O-10

APN/PARCEL ID

-

ASK ABOUT THIS PROPERTY

Arthur WilliamsonNAI Atlantic Coast RealtyMore Info
732-581-4370

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Arthur WilliamsonNAI Atlantic Coast RealtyMore Info
732-581-4370

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