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370 NJ-35Red Bank, NJ 07701
Middletown Medical Arts Plaza
Asset ClassOffice
Deal Size$3.2 M
Closing Must Occur No Later Than July 10th
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Overview

This 10,000-square-foot, six-tenant medical office building offers a proven investment opportunity with stable ownership since 1997 and consistent cash flow for over 28 years. Situated on 0.98 acres along Route 35 (40,000 VPD) in Monmouth County, the property is approximately 90% occupied and includes 70 parking spaces. Strong surrounding demographics include a $156,000 average household income and a population of 52,000 within three miles.

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Investment Highlights

PROVEN MEDICAL OFFICE INVESTMENT – SAME OWNERSHIP SINCE 1997

  • Long Term Ownership with Stable Cash Flow for 28+ Years

SUPERB REAL ESTATE FUNDAMENTALS

  • 10,000 SF, Six (6)-tenant medical office situated on 0.98 acres along Rte 35 (40K VPD) with ~90% occupancy and 70 Spaces.

EXCELLENT DEMOGRAPHICS - MONMOUTH COUNTY/CENTRAL JERSEY CACHET

  • AHI is $156K & Population 52K within 3 Mile Radius

PROXIMITY TO THREE (3) MAJOR HOSPITAL SYSTEMS

  • HMH Riverview Medical Center (Red Bank, NJ), HMH Bayshore Medical Center, RWJ Barnabas Health Monmouth Medical Center, RWJ Barnabas Health Vogel Medical Campus

MAJOR NETFLIX STUDIO DEVELOPMENT - REGIONAL ECONOMIC CATALYST

  • Netflix is developing a large-scale production studio campus in Monmouth county, 6 miles from subject site
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370 NJ-35Red Bank, NJ 07701

Sales Team

Mark KrantzSenior Director Investments

License #: PA: RS336064, NJ: 1863254

(215) 531-7056mark.krantz@marcusmillichap.com

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