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Berger Building 26 Main St

20,925 SF 97% Leased Office Building Toms River, NJ 08753 £2,235,568 (£107/SF) 8.07% Net Initial Yield

Investment Highlights

  • 98% Leased
  • 7.5% Cap Rate
  • Close proximity to new 280 to be built apartments
  • NOI : $212,500
  • .75 acres accessed $4,549,100

Executive Summary

29,133 SF Retail/Office building for sale in downtown Toms River. Close proximity to new 280 unit apartment complex. 98% leased with upside potential. 2 onsite parking lots which is very rare for downtown area.

Attachments

26-30 main flyer

Property Facts

Sale Type
Investment or Owner User
Property Type
Office
Building Size
20,925 SF
Building Class
B
Year Built/Renovated
1953/2012
Price
£2,235,568
Price Per SF
£107
Net Initial Yield
8.07%
NOI
£180,381
Percent Leased
97%
Tenancy
Multiple
Number of Floors
2
Typical Floor Size
10,500 SF
Slab to Slab
12 ft
Building FAR
0.96
Land Acres
0.50 AC
Zoning
VB
Parking
20 Spaces (0.95 Spaces per 1,000 SF Leased)

Space Availability

  • Space
  • Size
  • Space Use
  • Condition
  • Available
  • 1st Fl-Ste T
  • 600 SF
  • Office
  • -
  • Now

2 professional offices with a waiting area to lease in downtown Toms River. One office is 16' x16' and the other is 12' x 12'. Access to shared kitchen. $1200/month.

Space Size Space Use Condition Available
1st Fl-Ste T 600 SF Office - Now

1st Fl-Ste T

Size
600 SF
Space Use
Office
Condition
-
Available
Now

1st Fl-Ste T

Size 600 SF
Space Use Office
Condition -
Available Now

2 professional offices with a waiting area to lease in downtown Toms River. One office is 16' x16' and the other is 12' x 12'. Access to shared kitchen. $1200/month.

PROPERTY TAXES

PROPERTY TAXES

Parcel Number
08-00658-01-00035
Land Assessment
£562,814
Improvements Assessment
£1,045,226
Total Assessment
£1,608,040
  • Listing ID: 31715170

  • Date on Market: 06/05/2024

  • Last Updated:

  • Address: 26 Main St, Toms River, NJ 08753

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