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Bayview Corporate Center (Value/Add) - 1433 Hooper Avenue, Toms River, NJ

Property Details

  • Price :

  • Square Feet :

  • Cap Rate :

  • $21,000,000

  • 125,230

  • 5.65%

  • NOI :

  • Acres :

  • $1,187,017

  • 13.96

  • Property Type :

  • Property Status :

  • Office

  • Available

Investment Highlights

  • Extremely rare 125,230 SF Value/Add office building located in Toms River, Ocean County, New Jersey
  • Currently 78% occupied (historically 95-100% occupancy as largest tenant recently vacated)
  • Just minutes from Lakewood
  • Several credit tenants including the State of NJ, USI Insurance, Morgan Stanley,  & Comcast
  • Located at the signalized intersection of Hooper Avenue (37K Cars/Day) and Indian Hill Road
  • 8.33% Pro Forma Cap Rate upon stabilization 
  • Nearby national tenants include Target, Lowe's, CVS, Michaels, PNC Bank, Petco, & Wawa
  • Excellent demographics with over 166K people within 5 miles and a 1-mile average household income over $144K

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