About 10 Allen Street 113
1031 Exchange - Ideal Office Investment Property Excellent opportunity to acquire 5 office condos representing approximately 41% ownership of the building. This institutional-quality office investment offers a strong 6.5% cap rate with significant built-in upside and immediate cash flow. The property features NNN leases with high-credit national and regional tenants in home health services, mental health counseling, and insurance -- providing predictable, low-management income with minimal landlord responsibilities. A solid value-add opportunity with excellent potential for rent growth and appreciation. Ideal for 1031 exchange investors seeking stability and long-term upside.
Features of 10 Allen Street 113
| MLS® # | 22608063 |
|---|---|
| Price | $2,650,000 |
| Bathrooms | 0.00 |
| Acres | 0.02 |
| Year Built | 1986 |
| Type | Commercial Sale |
| Sub-Type | Office |
| Style | Professional/Office |
| Status | Active |
Community Information
| Address | 10 Allen Street 113 |
|---|---|
| Area | Toms River Twp (TOM) |
| Subdivision | Toms River |
| City | Toms River |
| County | Ocean |
| State | NJ |
| Zip Code | 08753 |
Amenities
| Parking | On Site, Parking Lot, Paver Block |
|---|---|
| Is Waterfront | No |
| Waterfront | Riverview |
| Has Pool | No |
Interior
| Heating | Forced Air, Hot Water |
|---|---|
| Cooling | Central Air |
| Fireplace | No |
| # of Stories | 4 |
Additional Information
| Short Sale | No |
|---|---|
| RE / Bank Owned | No |
Listing Details
| Agent | Yanay Scheff |
|---|---|
| Office | Crossroads Realty, Inc. |