Multi-Tenant Shallow Bay Flex Park | Monmouth County, NJ
100% Leased | 20,800 SF | Reduced Pricing + Increased Rents
Marketing description
1701 Valley Road presents a rare opportunity to acquire a 100% leased multi-tenant flex and storage park in one of Monmouth County's most active commercial corridors. The property comprises 10 shallow bay warehouse units and 11 storage units totaling approximately 20,800 SF, anchored by a primarily long-term tenant base that has consistently demonstrated the demand and durability of this asset class in the submarket.
Positioned directly off State Route 35 in Ocean Township and adjacent to the Wegmans-anchored shopping center, the property benefits from great accessibility and a surrounding trade area that continues to attract both regional and local commercial activity.
Since the property's initial offering, the asking price has been reduced and in-place rents have been meaningfully increased -- buyers who previously underwrote this asset will find a materially stronger return profile today. For new investors, this is a turnkey, cash-flowing asset with no lease-up risk and a tenancy that has proven itself over time.
Investment highlights
- 100% occupied multi-tenant flex park comprising 10 shallow bay warehouse units and 11 storage units across approximately 20,800 SF
- Strong in-place income with gross rents of approx. $288,000 annually and NOI of $240,600, reflecting a 6.5% cap rate on the $3,700,000 asking price
- Primarily long-term tenant base providing stable, diversified cash flow with no single-tenant concentration risk
- Irreplaceable infill location directly off State Route 35 in Ocean Township, adjacent to the Wegmans Shopping Center -- one of Monmouth County's strongest retail corridors
- Small flex/storage asset class continues to outperform on occupancy and rent growth across the region
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