223 Freehold Road Manalapan Township, NJ 07726

220258578 40.278942 -74.32813 2411 /listing/220258578-151254546/223-freehold-road-manalapan-township-nj-07726 False 0 4999000.0 23600 101 21838610 True
  • $4,999,000
  • 23,600 sqft
  • Est payment $26835.71/mo

Property & Neighborhood Info

Courtesy Of RE/MAX Central

Commercial in Manalapan

Amazing opportunity for an investor to purchase a combined 2 Industrial warehouse spaces in one deal. Never before on market 223 freehold rd and 227 freehold rd which was just completed being built in 2018 are turn key facilities with all top of the line finishes with absolutely nothing to do but takeover and collect your stabilized income! Both properties have solidified long term leases with 3 percent year to year increases. Between both properties there is a combined gross income of roughly $346,000 and expenses running around $76,000 the NOI is $270,044 with just one vacant unit currently between both so more potential for income to go up when it gets rented. Each tenant has the CAM expenses already billed into their rent roll as well. At asking price CAP rate is 5.4%

Courtesy Of RE/MAX Central
  1. 23,600 Sq. Ft.

Main Features

  • Listing Status: Active
  • Year Built: 2011
  • County: Monmouth
  • Taxes: $29,326.00
  • Tax Year: 2017
  • MLS Number:21838610
Neighborhood info courtesy of Homes.com © 2019

What's My Mortgage?

$38,769.95*
*Estimated monthly payment is a starting point to help assist you with your home search. To find out more about mortgage pre-qualification, click here.

request more info.

Sharon Marks
Sharon Marks
Associate

223 Freehold Road Manalapan Township, NJ 07726

220258578 40.278942 -74.32813 2411 /listing/220258578-151254546/223-freehold-road-manalapan-township-nj-07726 False 0 4999000.0 23600 101 21838610 True
  • $4,999,000
  • 23,600 sqft
  • Est payment $26835.71/mo