Listed by Marcus & Millichap - New Jersey
$4,864,000
Merrill Lynch (Investment Grade Tenant)
Details
Property Type Office
Sub Type Executive Office
Square Footage 15,000
Tenancy Single
Acreage 1.830
Zoning OP-2
Parking Spaces 68 spaces
Parking per 1,000 SqFt 4.53
About This Property for Sale
Marketing description
Marcus & Millichap is pleased to exclusively present 2504 NJ-35, Manasquan, Monmouth County, New Jersey.
Investment highlights
- Sale Price – $4,864,000*
- 100% Leased To Merrill Lynch – Investment-Grade Wealth Management Tenant and Wholly Owned Subsidiary of Bank of America, One of the World's Largest Financial Institutions.
- Premier Jersey Shore Location – Situated in Affluent Manasquan, One of Monmouth County's Most Desirable Coastal Communities with Exceptional Demographics and Limited Commercial Development.
- Highly Visible Property – Prominent Location Along Route 35 with Approximately 25,800 Vehicles Per Day, Providing Outstanding Visibility and Accessibility.
- High-quality Institutional Asset – Approximately 12,000 SF (+3,000 SF Basement) Office Building Situated on 1.83 Acres With 68 Parking Spaces and an Excellent 5.7:1,000 SF Parking Ratio.
- Strong Underlying Real Estate Fundamentals – Large Land Parcel in a Supply-constrained Market Offers Long-term Value Preservation and Future Redevelopment Potential.
- Surrounded By National Retailers – Adjacent to Chase Bank, Wawa, McDonald's, Ace Hardware, and Numerous Established Retailers Serving the Surrounding Affluent Trade Area.
- Excellent Regional Connectivity – Convenient Access to Route 34, Garden State Parkway, Route 18, and Interstate 195, With Proximity to Both New York City and Philadelphia.
*Confidentiality Agreement required to view financial summary.
Please contact listing agent for more details
Listing Contacts
Listed by Marcus & Millichap - New Jersey
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