1701 Valley Rd

Prime investment property right off Highway 35 in thriving Ocean Township. 100% occupied small warehouse/flex units perfect for small businesses, contractors, etc. Ten (10) warehouse units in the front and 11 storage units (200 SF each) in the back all with overhead bay doors. Current rents are 30% below market, so new owners can add value quickly with most tenants on short term and month-to-month leases. Lots of new development in the immediate area (residential and commercial) and plenty of traffic from nearby highways and shopping centers, including Wegmans, Costco, Seaview.
Property brings in over $20,000/month in rental income and longtime owners have never had a vacancy longer than a month. Units are in such high demand, that there is typically a waitlist to get in. Tenants are responsible for their own separately metered gas and electric meters, snow plowing, and garbage removal. Very low maintenance property with long-term stability given the steady demand for these small to medium sized warehouse/flex units. Please contact Frank Henry by email at fhenry@brokersnetworknj.com or phone at (732) 963-7983 for detailed rent roll, expenses and market comps.