710 Tennent Rd
Manalapan, NJ 07726

Located between the Medical Hubs of Manalapan and Marlboro, NJ, this Professional Office/Medical Complex is Offered For Sale with SIGNIFICANT UPSIDE VALUE! TWO SPECTACULAR EXPOSURES: One FRONTAGE FACES ROUTE 9 - the longest U.S. highway in New Jersey, while the largest PROPERTY-LINE sits DIRECTLY IN FRONT of the HIGHWAY ENTRANCE/EXIT. HIGHLY VISIBLE and EASY-TO-ACCESS, the Triangle Plaza offers INCOMPARABLE SIGNAGE POTENTIAL! “STRUCTURES” Containing FOUR attached buildings and a TOTAL NET LEASABLE AREA of ±14,000 SF, this complex can be used separately or combined, by one or multiple tenants. With just a few improvements an investor can restore this property to its full occupancy, BUILDING IMMEDIATE EQUITY and creating SUBSTANTIAL CASH FLOW for many years to come! ±14,000 SF x $16 (Rent/SQFT) = $210,000 (Gross Annual Income) A savvy developer has the opportunity to ACQUIRE THIS PROPERTY BELOW $115/SQFT, while, as of July of 2019, the asking-price of updated MEDICAL CONDOS FOR SALE nearby broke $215/SQFT. At closing, the NEW OWNER has the RARE OPPORTUNITY TO OCCUPY THE PROPERTY IN PART or IN WHOLE with their own business! Current Set-Up: Building #1 Number of Buildings: 1 Number of Units: 1 Number of Stories: 2 Style: Carriage House Year Built: 1940’s Net Leasable Area: ±2,000 Occupancy: 0 Remarks: Formerly rented to an Architecture Firm for 10+ years; All windows were replaced in recent years New water heater; Buildings #2, 3 & 4 Number of Buildings: 3 Buildings with 4 Suites Each; Number of Units: 12 Suites, with ±1,000 SF each, with Individual Restrooms ; Number of Stories: 2; Year Built: 1975; Net Leasable Area: ±12,000 SF; Occupancy: 33% Three identical, independent buildings were attached to the original house in 1975; The new addition represents ±12,000 SF of leasable area, currently divided amongst 12 professional suites, each with private restroom(s). Remarks: 12 private suites with individual restrooms (4 suites per building, ±1,000 SF each); Currently each building is operated independently, they can be eventually combined; Four well-established medical tenants are in place with short-commitment leases; Nine available-for-lease suites offer tremendous upside value; 10 newer HVAC systems. Capital Improvements In the last 5 years, CAPITAL IMPROVEMENTS EXCEEDED $120k, and include: - Recently-Paved, Ample Parking Lot; - New Roof. Triangle Plaza Neighbors: 0.2 Mile - Brace Place Orthodontics 0.4 Mile - Sunrise ObGyn Clinic 0.6 Mile - John Lundberg, MD 0.7 Mile - Manalapan Medical Center 0.8 Mile - First Care Medical Supplies 1.2 Miles - Tovba Care, Medical PC 1.2 Miles - Taylors Mills, Family Medical PC 1.2 Miles - Monmouth Gastroenterology 1 Mile - Manalapan Medical Arts Hospital 2 miles - Marlboro Medical Center 2 Miles - Leading Medical Care Clinic. 2.1 Miles - Anew Medical