Courtesy of: Patrick Schiavino, Sackman Realty, asburycommercial@gmail.com
Courtesy of: Patrick Schiavino, Sackman Realty, asburycommercial@gmail.com
$3,400,000
|
Lot: 0.34 Acres
|
|
Office
|
$3,400,000
910 4th Avenue Recently renovated 3-story office building centrally located in Asbury Park. Property offers 11, 400 square feet of office and 3, 000 SF of warehouse space. Property is 100% leased to the Asbury Park Board of Education and rent is guaranteed by the State of NJ. Modified NN lease with the tenant responsible for most maintenance items and a portion of the taxes. Landlord is responsible for roof & structure, insurance and major repairs. Lease commits tenant through April of 2026. At that time, owner may choose to renegotiate a lease extension with the current tenant at current market rents or take advantage of potential development opportunities represented by one of the most exciting and rapidly developing cities on the jersey Shore. Developers go for approvals while collecting rent.
Courtesy of: Patrick Schiavino, Sackman Realty, asburycommercial@gmail.com
Copyright © 2024 Monmouth Ocean Regional Realtors and Monmouth Ocean Regional MLS. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.