Professional Office / Medical Investment for Sale- Portfolio for Sale Millstone - Legacy Commercial Realty

100-102 Rike Drive Monmouth, Millstone New Jersey 08535

For Sale 2,300,000
Property Details

100-102 Rike Drive Monmouth, Millstone New Jersey 08535

For Sale 2,300,000
Offices
Description

Professional Office / Medical Investment for Sale- Portfolio for Sale Millstone

Offices - Monmouth New Jersey

100-102 Rike Drive- Professional Office / Medical Investment Portfolio for Sale
2 Buildings Totaling +/- 14,900 SF:
Asking Price: $2,300,000.00
Projected NOI: $223,675.21
CAP Rate: 9.73%
100 Rike Drive: +/- 7,500 SF (100% Occupied by Crest Engineering)
102 Rike Drive: +/- 7,400 SF (50% Occupied by Princeton Med. Center)
75% Occupied– 1 Vacancy of +/- 3,701 SF.
Lease Abstract and Income/Expenses Available Upon Request
Total Lot Size: Approx. 2.99 AC
100 Rike was built in 2004 & 102 Rike was built in 2007.
Real Estate Taxes (2016): $30,671.71
Ideal for a User or as an Investment.
Property is part of a Condo Association – Moto Business and Industrial Park.
79 Total Parking Spaces.
Zoning: BP (Business Park District)

 

 

 

Property Features
  • Offices
Seth Katz
Broker of Record / CEO
Office: 732-333-6380
Seth had attended Rutgers University studying Economics and business management. His Commercial Real Estate career started in 2004. As a full service Broker, Seth has been actively involved in every sector of Commercial Real Estate. Born and raised in Monmouth County, NJ, Seth is quite familiar with the land development and municipal approval processes in the counties which encompass Central New Jersey. Seth’s real estate approach is “hands-on” and he works tirelessly to satisfy the needs of all Legacy Commercial Realty’s clients and customers. His philosophy of “think client first” has yielded positive results and trust throughout his business career.
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Matt Miller
Sales Associate
Office: 732-333-6380
Matt Miller has a degree in Public Policy from Rutgers University and a Masters Degree in Healthcare Administration from Seton Hall University. He had previously worked at CentraState Medical Center as a Financial Analyst for a number of years. Matt has always been a people person with a passion for sales. That coupled with him being born and raised in Monmouth County, led him to Legacy Commercial Realty. Among other things, Matt’s education and experience in the Medical field has provided his Medical clients’ with a strategic advantage in finding real estate opportunities. Matt works tirelessly to satisfy the differing requirements of his clients. Matt has a passion for land development, investment sales, and business development & growth. Matt is another member of the Legacy team that feels that a hands on approach is instrumental in both the company’s and our clients success.
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