Aspen Court Partners LLC Acquires Medical Office Center In Eatontown For $8.05M
142 Main Street
$8,050,000
$287/SF
Building Size
27,965 SF
Asset Type
Medical Office
Closing
May 27, 2025
AI
142 NJ-35 is a medical office asset located in Eatontown, NJ, encompassing an area of 1.65 acres. The property has a total square footage of 27,965 and was sold for $8,050,000, resulting in a price per square foot of $288.
Summary of transaction details:
- Property Type: Medical Office
- Transaction Amount: $8,050,000
- Address: 142 NJ-35
- Market: Eatontown
- Square Footage: 27,965
- Price per Square Foot: $288
- Buyer: Aspen Court Partners LLC
- Seller: PB7 Associates
- Brokers: Alan Cafiero, Brent Hyldahl & Seth Goldberg - Marcus & Millichap
The transaction involved representation by Brent Hyldahl, Alan Cafiero, and Seth Goldberg as brokers from Marcus & Millichap, who facilitated the sale of the fully leased medical office center, Aspen Court, from seller PB7 Associates to buyer Aspen Court Partners LLC.
Players
Keansburg Medical Office Market Snapshot
Boundary boundary · Medical Office · Sale transactions
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
1.97%
Cash-on-Cash
-0.56%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93