10 Allen Street Unit 113, Toms River, NJ 08753

$2,650,000

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List Price
$2,650,000
Status
ACTIVE
Days on Market
122
MLS#
22608063
Subtype
Commercial Sale
Year Built
1986
Acres
0.02
MLS Area Major
Toms River Twp (TOM)

Property Description

1031 Exchange - Ideal Office Investment Property Excellent opportunity to acquire 5 office condos representing approximately 41% ownership of the building. This institutional-quality office investment offers a strong 6.5% cap rate with significant built-in upside and immediate cash flow. The property features NNN leases with high-credit national and regional tenants in home health services, mental health counseling, and insurance -- providing predictable, low-management income with minimal landlord responsibilities. A solid value-add opportunity with excellent potential for rent growth and appreciation. Ideal for 1031 exchange investors seeking stability and long-term upside.

Additional Information

Taxes
$15,408
Zoning
Office, Professional
Air Conditioning
Central Air
Stories
4

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Calculator source: Real Geeks

Listing courtesy of Crossroads Realty, Inc.. Contact: