For Sale
$7,600,000

317 Brick Blvd Brick Township, NJ 08723

High-Yield Brick Township Investment Opportunity

Overview

Added:
Dec 11, 2024
Days on market:
138
This exceptional Brick Township, NJ investment opportunity encompasses a portfolio of two buildings totaling 42,392 square feet on an 8.62-acre lot. The property is comprised of a single-story retail building and a two-story, elevator-equipped office building located on Brick Boulevard, zip code 08723. The asking price is $7,600,000, representing a compelling $200.51 per square foot and a 6.50% capitalization rate. Both buildings boast significant recent capital improvements. The office building has undergone a complete renovation, including a new roof, thirteen 3-ton HVAC units, new siding, windows, and roofing. The retail building features two newly installed HVAC units within the past few years. This fully rented property presents a strong cash flow and significant upside potential for the discerning investor. The property is conveniently located in Ocean County, New Jersey, offering easy access to major transportation routes and a thriving local market. This is a rare opportunity to acquire a well-maintained, high-performing commercial property in a desirable location. Detailed financial information and marketing materials are available upon request.

Highlights

  • Two-building portfolio totaling 42,392 square feet on an 8.62-acre lot in Brick Township, NJ.
  • Located on Brick Boulevard, zip code 08723.
  • Asking price: $7,600,000, representing a $200.51/SF price and a 6.50% cap rate.
  • Features a single-story retail building and a two-story, elevator-equipped office building.
  • Both buildings boast significant recent capital improvements, including complete renovation of the office building and new HVAC units in both buildings.
  • Fully rented with strong cash flow and upside potential.

Property Details for 317 Brick Blvd

Property type
Retail properties, Office properties
Square Feet
42,392 SF
Lot Size (sq. ft)
375,487 SF

Location Insight

City
Brick Township
County
Ocean
State
New Jersey
Latitude
40.043028
Longitude
-74.141744

FAQs

What type of property is this?
Retail property - High-Yield Brick Township Investment Opportunity
Where is the retail property located?
The property is located at 317 Brick Blvd Brick Township, NJ.
What is the asking price?
The asking price for this property is $7,600,000.
What are key features of this property?
This property features: Two-building portfolio totaling 42,392 square feet on an 8.62-acre lot in Brick Township, NJ.; Located on Brick Boulevard, zip code 08723.; Asking price: $7,600,000, representing a $200.51/SF price and a 6.50% cap rate.
How can I contact the broker?
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317 Brick Blvd
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