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34370872
34370714

2504 New Jersey 35, Manasquan, NJ 08736 For Sale

SG
NJ 1974364
Marcus & Millichap - New Jersey
AC
NJ 0791092
Marcus & Millichap - New Jersey
BH
NJ 1541064
Marcus & Millichap - New Jersey
Listed by Marcus & Millichap - New Jersey
$4,864,000
5 days on market
Updated 5 days ago

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

SG
NJ 1974364
Marcus & Millichap - New Jersey
AC
NJ 0791092
Marcus & Millichap - New Jersey
BH
NJ 1541064
Marcus & Millichap - New Jersey
Listed by Marcus & Millichap - New Jersey

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Additional Information

Name
Seth Goldberg
License
1974364
Brokerage
Marcus & Millichap
Brokerage Phone
201-742-6100
Title
Salesperson
Brokerage Address
250 Pehle Avenue
*All information is deemed reliable but not guaranteed. Buyer to verify all information.
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