395 Clark St
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395 Clark St
9,124 SF 100% Leased Retail Building Keyport, NJ 07735 £2,545,344 (£279/SF) 7.88% Net Initial Yield
Investment Highlights
- Centrally Located at the entrance to the Garden State Parkway, perfect for Parkway Towing or direct access
- Long Term leases in place, opportunity for owner/operator to use part of the property for own use
- Multi tenant property with strong cash flow
Executive Summary
Very desirable commercial property with multiple cash flows. This property consists of a BP gas station, A repair shop/automotive building, a 2-story office building, a large truck painting/repair building with 12' overhead doors currently rented by Maaco painting/auto body and a 30,000SF +/- towing yard with direct access to The Garden State Parkway. This property is 1.38 acres with Keyport zoning I. Rare opportunity to pick up this rare piece with a strong cash flow from existing tenants. Tenants and lease terms provided below. Towing lot could be delivered vacant for continued use or possible equipment/truck parking.
Financial Summary (Actual - 2024) Click Here to Access |
Annual | Annual Per SF |
|---|---|---|
| Gross Rental Income |
$99,999
|
$9.99
|
| Other Income |
-
|
-
|
| Vacancy Loss |
-
|
-
|
| Effective Gross Income |
$99,999
|
$9.99
|
| Taxes |
$99,999
|
$9.99
|
| Operating Expenses |
$99,999
|
$9.99
|
| Total Expenses |
$99,999
|
$9.99
|
| Net Operating Income |
$99,999
|
$9.99
|
Financial Summary (Actual - 2024) Click Here to Access
| Gross Rental Income | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Other Income | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Vacancy Loss | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Effective Gross Income | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Taxes | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Operating Expenses | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Total Expenses | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Net Operating Income | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
Property Facts
Sale Type
Investment or Owner User
Property Type
Retail
Property Subtype
Building Size
9,124 SF
Building Class
C
Year Built
1968
Price
£2,545,344
Price Per SF
£279
Net Initial Yield
7.88%
NOI
£200,573
Percent Leased
100%
Tenancy
Multiple
Number of Floors
2
Building FAR
0.10
Lot Size
2.19 AC
Zoning
I - Industrial-Uses in Memorandum
Parking
100 Spaces (10.96 Spaces per 1,000 SF Leased)
Frontage
Nearby Major Retailers
PROPERTY TAXES
| Parcel Number | 24-00001-0000-00003 | Total Assessment | £1,233,140 |
| Land Assessment | £786,511 | Annual Taxes | -£1 (£0.00/sf) |
| Improvements Assessment | £446,628 | Tax Year | 2024 |
PROPERTY TAXES
Parcel Number
24-00001-0000-00003
Land Assessment
£786,511
Improvements Assessment
£446,628
Total Assessment
£1,233,140
Annual Taxes
-£1 (£0.00/sf)
Tax Year
2024
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395 Clark St
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