Middletown Medical Arts Plaza — Sale in Red Bank, NJ

  • Price: Contact for price
  • Listing type: For sale
  • Asset type: Office
  • Location: Red Bank, NJ 07701
  • Year built: 1987

Investment Figures

Cap rate
7.00%

Derived from the asking price and operating figures published for this listing. Informational only — not an appraisal, valuation or financial advice. Verify independently before relying on any figure.

Description

Atlantic ENT: Medical Doctors(Husband and Wife Duo) who focus on Ear, Nose, Throat, Head & Neck Treatments. Monmouth Surgery Center: Focuses on Facial Plastic Surgery + Connected with Atlantic ENT Operator. MedSpa 370: Provides aesthetic services, medical grade facials, lash lift, etc. + Eight(8) Year Operating history. iagroup: Government contractor providing professional unclaimed property examination and compliance services. Precision Eye: Optometrist led by Dr.Derdova + Beautiful Interior Space($250K Spent on TI) + Excellent Reviews/Family Atmosphere. DeGennaro Pediatric Group: Focus on infants, Adolescents, Special Needs Kids + Twenty-Six(26) year operating history Investment Highlights: • Long Term Ownership with Stable Cash Flow for 28+ Years • 10,000 SF, Six (6)-tenant medical office situated on 0.98 acres along Rte 35 (40K VPD) with ~90% occupancy and 70 Spaces. • Leasing the last 1,250 SF available suite offers the potential to grow NOI by ~ $41,250 at $33.00 PSF • AHI is $156K & Population 52K within 3 Mile Radius • Netflix is developing a large-scale production studio campus in Monmouth county, 6 miles from subject site

Market Context

This office in Red Bank, NJ is listed for sale. It is offered at an approximate 7.0% capitalization rate, a key benchmark for income-producing office assets. The building dates to 1987. It has been on the market for 100 days. Compare it against other office listings for sale in Red Bank, NJ — view the full market.

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