Main Street (Office) Toms River, NJ 08753
Sale
[metaslider id=1048]
| Asset Type | Commercial | ||
| Starting Bid | $1,250,000 | ||
| Bid Deposit Amount | $10,000 | ||
| Property | Main Street (Office) | ||
| Property Description | A 35,660 SF Bank Building in Toms River, NJ | ||
| Square Footage | 35,660 | ||
| Net Rentable Area | 35,660 | ||
| Lot Size (acres) | 2.73 | ||
| Year Built | 1910 | ||
| Occupancy | 100.0({13dda1d77f96bc4e01ab58573f90526d30fd6d90710a0f0937fcfa918c15c232}) | ||
| Occupancy As of Date | 10/01/2015 | ||
| Buyer’s Premium | 5{13dda1d77f96bc4e01ab58573f90526d30fd6d90710a0f0937fcfa918c15c232} of Winning Bid Amount (A minimum of $10,000 will apply) | ||
INVESTMENT-GRADE TENANT: Wells Fargo Bank, N.A. (S&P: AA-) is the primary U.S. operating subsidiary of Wells Fargo & Co., a financial services firm that produces more than $84.8 billion in annual revenues, has over $1.72 trillion in assets, and operates more than 8,700 branches.
LONG-TERM LEASE: 100{13dda1d77f96bc4e01ab58573f90526d30fd6d90710a0f0937fcfa918c15c232} leased to Wells Fargo until 9/30/2024
MARKET: The property is well positioned in the heart of Downtown Toms River, one of the most diverse and dynamic downtown areas in the region
DOMINANT RETAIL, COMMERCIAL & RESIDENTIAL CORRIDOR: Approximately 4.7 million square feet of retail, 2 million square feet of office and 2.4 million square feet of multifamily within a 3-mile radius
DYNAMIC DEMOGRAPHICS: 3-mile population and average household income of 65,083 and $78,165, respectively
HEALTHY DEPOSITS: Solid deposits in excess of $45.2 million
Auction Starts 01/25/2016
Auction Ends 01/27/2016
- Property Type: Land
- Furnishing: Not Applicable
- Tenure: Not Applicable