Property Details
Price :
Square Feet :
Cap Rate :
$10,688,000
37,316
5.31%
NOI :
Acres :
$567,204
1.31
Property Type :
Property Status :
Mixed-Use
Available
Investment Highlights
- Premier Downtown Red Bank Location – Positioned in the Heart of One of New Jersey's Premier Downtowns, Surrounded by Award-Winning Restaurants, Boutique Retailers, Entertainment Venues, Luxury Residential Developments, and the Navesink River.
- Significant Mark-to-Market Rental Upside – Current In-Place Rents are Substantially Below Today's Market, Providing Investors with a Clear Path to Increasing Cash Flow Through Lease Renewals and New Leasing.
- Near-Term Lease Rollover Creates Immediate Value – A Majority of the Leases Expire Over the Next Three Years, Allowing Ownership to Capture Market Rents Without Waiting Through Long-Term Lease Commitments.
- Exceptional Value-Add Opportunity – Investors Can Grow NOI Through Strategic Leasing and Rent Repositioning Rather Than Relying on Redevelopment or Significant Capital Improvements.
- Highly Walkable Downtown Asset – A 97 Walk Score and Vibrant Pedestrian Environment Drive Consistent Traffic and Long-Term Tenant Demand.
- Diversified Tenant Base – Approximately 40 Tenants Across Office, Retail, Restaurant, and Service Uses Provide Stable Income with Limited Tenant Concentration.
- Strong Leasing Fundamentals – Recent Red Bank Lease Comparables Demonstrate Continued Demand and Support Higher Rental Rates Across Both Retail and Office Space.
- Excellent Accessibility & Visibility – Prominent Downtown Location with Approximately 24,700 Vehicles Per Day on West Front Street and Convenient Access to Route 35, The Garden State Parkway, and NJ Transit.
Street View
Listing Contacts
