Remarks

The building has 8 tenants. All leases are NNN. Consisting of Jersey Shore Imaging / University Radiology, which offers some of the most sophisticated imaging equipment available. Hackensack Meridian, Neurosurgery Institute and Rebirth Recovery and more.
These are anchor tenants that have multi year leases that renew with increases. The location of the property, the quality of construction and the easiness for the patients that either come from the Hospital or on their own is paramount for the stability of these tenants.

Also to mention, the cost of the radiology and imaging equipment here is extremely expensive and would be very difficult and costly to move. Some tenants have been here since 2009. The leases are sticky.

There is room to build and could also be leased to the current tenants as a few have expressed interest in more space.

Located right off The Garden State Parkway, a short distance from the intersection of Rt. 33 and Rt. 18. offering some of the highest visibility possible. Across the street from a Hackensack Meridian Medical / Trauma Center.

The required parking spaces for 2100 Corlies Avenue are only 148. This property has 195, so there is potential to build approximately another 6,000 - 9,000SF and can do on top of Rebirth Rehabilitation and can do so without disrupting current tenants

Details

MLS#: 22511228
Price: $17,500,000

Style: Commercial

County: Monmouth