300-350 Rike Drive, Millstone, NJ 08535- 2 Office Building Portfolio for Sale - Legacy Commercial Realty

300-350 Rike Drive Monmouth, Millston NJ 08535

For Sale $2,300,000
Property Details

300-350 Rike Drive Monmouth, Millston NJ 08535

For Sale $2,300,000
Offices
Description

300-350 Rike Drive, Millstone, NJ 08535- 2 Office Building Portfolio for Sale

Offices - Monmouth NJ

2 Office Building Portfolio Totaling +/- 15,600 SF

 

300 Rike Drive: +/- 7,800 SF

(100% Occupied by Magnakron – General Office)

 

350 Rike Drive: +/- 7,800 SF

(100% Occupied by Montessori Family School)

 

Buildings can be Sold Separately

 

Net Operating Income:                                     $116,994.88

$ / SF:                                                                  $147 / SF

Cap Rate:                                                            5.09%  

 

Potential to occupy up to 7,800 SF as both tenants are on short term lease commitments currently.

 

ZONING:                                    BP – (Business Park District)

Permitted Uses:                     Professional Office Use, Child Care Centers, etc.  

 

PROPERTY TAX (2018):                                        $38,914.97

 

Additional Features

Block: 16, Lot: 10.05 

-Close Proximity to Highly Traveled Route 33 West

-71 Total Parking Spaces

– Total Lot Size: 2.99 AC

Property Features
  • Offices
  • Floor Area is 15600 square
  • 71 Car Spaces
Commercial Features
Zone

BP - (Business Park District)

Derin Goodman
Sales Associate
732-614-6116
Derin is an experience business professional who has worked in accounting, management, and real estate over the past 5 years. Derin had attended the State University at Buffalo where he earned his Bachelor’s degree in Economics. Derin’s previous role as an account manager for many medical and real estate clients equipped him with the necessary tools and understanding of how business runs internally which in turn, allows for a closer and more personal relationship with our clients. Growing up locally in Marlboro NJ, Derin has an extensive knowledge of the real estate markets in Monmouth, Middlesex, Mercer, Ocean Counties. Please feel free to contact him anytime for any inquiries.
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