Listed by Crossraods Realty, Crossroads Realty Toms River
$2,650,000
Allen Street Professional Center
Details
Property Type Office
Sub Type Executive Office, Traditional Office
Square Footage 9,503
Net Rentable (SqFt) 9,503
Units 5
Cap Rate 6.22%
NOI $164,855
Occupancy 85%
Tenancy Multi
Lease Type NNN
Pro-Forma Cap Rate 7.3%
Pro-Forma NOI $193,355
Price per SqFt $279
Class B
Year Built 1986
Stories 4
Zoning VS
Investment Type Stabilized
NNN Income + Immediate Value-Add Opportunity
Marketing description
Allen Street Professional Center presents a rare opportunity to acquire a 5-unit professional office condominium portfolio totaling 9,503 SF in the heart of downtown Toms River. The asset is currently ~85% occupied by a strong mix of professional tenants, including healthcare services, counseling, and insurance providers, offering stable in-place income with long-term upside.
Investment highlights
- NNN Lease Structure – minimal landlord responsibilities
- 85% Occupied with immediate value-add potential
- Strong Professional Tenancy (healthcare, counseling, insurance)
- Premium River-View Suites on 4th floor
- Prime Downtown Toms River Location near courthouse
Listing Contacts
Listed by Crossraods Realty, Crossroads Realty Toms River
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Loan Amount
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Annual Debt Service
$--
$--
Annual Cash Flow
$164,854.80
$13,737.90/mo
Valuation Metrics
0
DSCR
6.22%
Cap Rate
6.22%
ROI
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