Updated Jun 3, 2025
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
About this deal
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.
On the Map
$8,050,000
$287/SF
Medical Office
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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