The Coastal Building, situated at 151 Bodman Pl, Red Bank, NJ, 07701, is a Class A office building encompassing 29,178 square feet. This four-story asset was constructed in 1982 and underwent renovations in 2013. The building's strategic location along the Navesink River makes it a notable property in the Red Bank market. At the time of the transaction, it housed various tenants, including law and investment firms as well as shipping and office equipment companies.

Summary of transaction details:

• Property Type: Office Building
• Transaction Amount: $6,200,000.00
• Market: Red Bank
• Seller: Navesink Investments LLC
• Buyer: First National Realty Partners
• Seller's Representative: Daniel Lanni-Kislak
• Square Footage: 29,178

Daniel Lanni of Kislak Co. Inc. represented Navesink Investments LLC in the transaction and also procured the buyer, First National Realty Partners. The buyer plans to enhance the property with a focus on green initiatives and technology following the acquisition.