Medical and Business Office Complex | 260 Highway 34
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Medical and Business Office Complex 260 Highway 34
4,400 SF 100% Leased Office Building Matawan, NJ 07747 $735,000 ($167/SF) 5% Cap Rate
Investment Highlights
- Heavy day time foot traffic, located close to a main thoroughfares
- Plenty of parking out front
Executive Summary
Move-in ready office complex with multiple uses from medical to general offices. This well-maintained building has four units: the first floor has two units that operate as a medical office, and the second floor has two units for office use. Both upstairs units have three offices, storage, a private bathroom, and more. One of the units is occupied, and the other is vacant. There is plenty of parking, and the office is close to the main thoroughfares for easy access. This is a self-standing and managed building in a complex.
Property Facts
Sale Type
Investment
Property Type
Office
Property Subtype
Building Size
4,400 SF
Building Class
C
Year Built/Renovated
1985/2022
Price
$735,000
Price Per SF
$167
Cap Rate
5%
NOI
$36,750
Percent Leased
100%
Building Height
2 Stories
Typical Floor Size
2,200 SF
Building FAR
0.24
Lot Size
0.42 AC
Zoning
OG1 - Commercial 4 units, building are individually owned.
Parking
16 Spaces (3.64 Spaces per 1,000 SF Leased)
Amenities
- Bus Line
- Reception
- Fully Carpeted
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Presented by
Diamond Realty Associates
Medical and Business Office Complex | 260 Highway 34
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