field crest commons - loopnet · 2019. 11. 26. · field crest commons is a 36,000 sf complex...

MIXED USE MEDICAL OFFICE/ RETAIL COMPLEX OFFERING STABLE CASH FLOW AND VALUE ADD OPPORTUNITY No representation is made as to the accuracy of the information furnished herein and same is submitted subject to errors, omissions, change of prices, rental, or other conditions, prior sale, lease, sublease, and/or withdrawal without notice. e furnishing of this information shall not be deemed a hiring. A commission in accordance with our principal’s schedule of rates and conditions will be paid to the procuring Broker who executes our or our principal’s brokerage agreement, subject to a fully consummated transaction upon terms and conditions acceptable to our principal. Mixed Use Complex Medical Office/Retail capturing large portions of the area’s growing population Credit rated RWJ Barnabas, Hackensack Meridian Health tenancy Regional fast-casual restaurant’s Surf Taco , Playa Bowls with strong franchise operators Roll-over exposure is mitigated with staggered rent expirations Stabilized cash flow with value-add vacancy 2 Value-add pad sites adding an additional 7,600 RSF Minimum management obligations Quality construction INVESTMENT HIGHLIGHTS Price $8,537,261 Gross SF 36,000 RSF 43,600 RSF (Pad Sites) Net Operating Income $625,564 Price/SF $237 ($195/Pad Sites SF) Year Built 2008 Lot Size 6.58 Acres Cap Rate Year 1 7.33% FIELD CREST COMMONS 34-44 Manchester Avenue | Lacey Township, NJ Field Crest commons is a 36,000 sf complex comprised of a Class B 18,000+ SF Medical office building and a Class B 18,000+ retail center with two additional approved/improved pad sites on a total of 6.58 acres. e Two 2 Pad Sites provide an additional 7,600 SF of rentable retail/office space increasing the Rentable square footage from 36,000 SF to 43,600 SF. 44 MANCHESTER BOULEVARD • Ideal retail location with clear line of sight visibility • 4,000 SF approved and improved Retail Pad Site 34 MANCHESTER BOULEVARD • Located directly at the ingress/egress to the Medical office complex • 3,600 SF approved and improved Office / Retail Pad Site CLICK HERE FOR CONFIDENTIALITY AGREEMENT Kim Kretowicz Managing Director Healthcare Services | Investment Sales Broker Salesperson Dir + 1 732 807 0343 | [email protected] Colliers International NJ LLC 10 Woodbridge Center Drive, Suite 520 Woodbridge, NJ 07095 | +1 732 807 0400 | www.colliers.com

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MIXED USE MEDICAL OFFICE/ RETAIL COMPLEX OFFERING STABLE CASH FLOW AND VALUE ADD OPPORTUNITY

No representation is made as to the accuracy of the information furnished herein and same is submitted subject to errors, omissions, change of prices, rental, or other conditions, prior sale, lease, sublease, and/or withdrawal without notice. The furnishing of this information shall not be deemed a hiring. A commission in accordance with our principal’s schedule of rates and conditions will be paid to the procuring Broker who executes our or our principal’s brokerage agreement, subject to a fully consummated transaction upon terms and conditions acceptable to our principal.

Mixed Use Complex Medical Office/Retail capturing

large portions of the area’s growing population

Credit rated RWJ Barnabas, Hackensack Meridian Health tenancy

Regional fast-casual restaurant’s Surf Taco , Playa Bowls with strong

franchise operators

Roll-over exposure is mitigated with staggered rent expirations

Stabilized cash flow with value-add vacancy

2 Value-add pad sites adding an additional 7,600 RSF

Minimum management obligations

Quality construction

INVESTMENT HIGHLIGHTS

Price $8,537,261

Gross SF 36,000 RSF 43,600 RSF (Pad Sites)Net Operating Income $625,564

Price/SF $237 ($195/Pad Sites SF)

Year Built 2008

Lot Size 6.58 Acres

Cap Rate Year 1 7.33%

FIELD CRESTCOMMONS34-44 Manchester Avenue | Lacey Township, NJ

Field Crest commons is a 36,000 sf complex comprised of a Class B 18,000+ SF Medical office building and a Class B 18,000+ retail center with two additional approved/improved pad sites on a total of 6.58 acres.

The Two 2 Pad Sites provide an additional 7,600 SF of rentable retail/office space increasing the Rentable square footage from 36,000 SF to 43,600 SF.

44 MANCHESTER BOULEVARD

• Ideal retail location with clear line of sight visibility

• 4,000 SF approved and improved Retail Pad Site

34 MANCHESTER BOULEVARD

• Located directly at the ingress/egress to the Medical office complex

• 3,600 SF approved and improved Office / Retail Pad Site

CLICK HERE FOR CONFIDENTIALITY AGREEMENT

Kim KretowiczManaging Director

Healthcare Services | Investment SalesBroker Salesperson

Dir + 1 732 807 0343 | [email protected]

Colliers International NJ LLC 10 Woodbridge Center Drive, Suite 520Woodbridge, NJ 07095 | +1 732 807 0400 | www.colliers.com