9218 Ventnor Ave
7,916 SF Office Building Margate, NJ 08402 £2,594,885 (£327.80/SF) 7% Net Initial Yield
INVESTMENT HIGHLIGHTS
- Located at 9218 Ventnor Avenue in Margate City, NJ, this property enjoys a high-visibility position on a corner parcel.
- The property offers dedicated on-site parking, plus 20 additional spaces leased in the Margate City Municipal Parking Lot.
- Margate stands out as a shore town with no hotels, meaning visitors must purchase or rent homes or condos to enjoy the area.
- Leased to Fox & Roach LP, operating under the Berkshire Hathaway HomeServices brand, this property offers secure and predictable income.
- Situated on a high-profile corner in a busy retail area, the property offers excellent future redevelopment or repositioning opportunities.
- The property is surrounded by a blend of local businesses, restaurants, and boutique shops along Ventnor Avenue, creating consistent foot traffic.
EXECUTIVE SUMMARY
PROPERTY FACTS
MAJOR TENANTS
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Berkshire Hathaway HomeServices Fox & Roach, REALTORS®, is a part of HomeServices of America, the nation’s second largest provider of total home services. The company, which has Sales Associates in more than 60 sales offices across the Tri-State area, recently received the Elite Circle Award, ranking number one in Residential Units and number two in Gross Commission Income (GCI) throughout the entire Berkshire Hathaway HomeServices Network. Through its affiliate, the Trident Group, the company provides one-stop shopping and facilitated services to its clients including mortgage financing, and title, property and casualty insurance. Recently named “Real Estate Agency Brand of the Year” in the 26 th annual Harris Poll EquiTrend study, Berkshire Hathaway HomeServices, based in Irvine, CA, is a brand-new real estate brokerage network built for a new era in residential real estate.
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- Real Estate
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Berkshire Hathaway HomeServices Fox & Roach, REALTORS®, is a part of HomeServices of America, the nation’s second largest provider of total home services. The company, which has Sales Associates in more than 60 sales offices across the Tri-State area, recently received the Elite Circle Award, ranking number one in Residential Units and number two in Gross Commission Income (GCI) throughout the entire Berkshire Hathaway HomeServices Network. Through its affiliate, the Trident Group, the company provides one-stop shopping and facilitated services to its clients including mortgage financing, and title, property and casualty insurance. Recently named “Real Estate Agency Brand of the Year” in the 26 th annual Harris Poll EquiTrend study, Berkshire Hathaway HomeServices, based in Irvine, CA, is a brand-new real estate brokerage network built for a new era in residential real estate.
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PROPERTY TAXES
| Parcel Number | 16-00126-0000-00085-01 | Improvements Assessment | £482,069 |
| Land Assessment | £590,052 | Total Assessment | £1,072,121 |
