Property Details
Price :
Square Feet :
Cap Rate :
$1,300,000
2,800
6.00%
NOI :
Acres :
$78,000
0.24
Property Type :
Property Status :
Office
Under Agreement
Investment Highlights
TENANT(S)
- Nassau Holdings is a privately held real estate investment firm
- Nassau Holdings has been in business for 40+ years
- Nassau Holdings owns approximately 20 commercial properties along with several operating businesses
- Approximate $45M net worth
LEASE(S)
- 10-year absolute net lease to commence at the close of escrow
- 3% annual rent increases
- 2-5 year renewal options
BUILDING
- Newly built in 2005 – 2,800 SF structure on two stories
- Oversized parcel for the area with large parking lot in the front of the property
LOCATION/ MARKET
- Prime location in the Lovelandtown section of Point Pleasant just 100 feet from the Bay Head border
- 2 blocks to the bay and 7 blocks to the ocean
- Excellent demographics with a 5-mile population over 108K people and a 1-mile average household income over $137K
Street View
Listing Contacts
