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216 Monmouth Road, Oakhurst...

Updated Dec 21, 2023

Max Leventer Of Irwin Leventer Real Estate Inc. Sells Oakhurst Office Building For $950,000
SOLDOffice

Max Leventer Of Irwin Leventer Real Estate Inc. Sells Oakhurst Office Building For $950,000

216 Monmouth Road, Oakhurst, New Jersey 07755, United States

$950,000

$527/SF

Building Size

1,800 SF

Asset Type

Office

Closing

Jun 28, 2022

About this deal

AI

Located at 216 Monmouth Rd in Oakhurst, this office property was recently sold for $950,000. Spanning 1,800 square feet, the property was listed at a price per square foot of $528. The transaction took place on 06/29/2022.

Summary of transation details

  • Property Type: Office
  • Transaction Amount: $950,000
  • Address: 216 Monmouth Rd, Oakhurst
  • Market: Oakhurst
  • Asset Type: Office

The seller of this property was Lou Perez. The sale was facilitated by brokers Max Leventer from Irwin Leventer Real Estate Inc. and Michelle Arege-Coffenberg from Preferred Properties Real Estate. Max Leventer played a significant role in the deal, having connected with a potential buyer after putting up a custom real estate sign. Despite the property not being officially listed for sale, the buyer expressed interest upon seeing the sign and provided their contact information. Max Leventer then shared all available properties matching the buyer's criteria, leading the buyer to express interest in a particular building. Arrangements were made for a meeting with the owner, during which the buyer fell in love with the building. After brief negotiations, an agreement was reached, and the deal closed within just 3 weeks.

Max Leventer highlights the power of marketing in securing this unexpected deal. He emphasizes the importance of utilizing effective marketing strategies, as it can lead to extraordinary outcomes for a business. Max expresses excitement about the buyer's plans for the property and looks forward to working with more outstanding individuals in the future.

To learn more about this transaction, you can reach out to Max Leventer at 908.309.0681 or email him at [email protected].

Players

Max Leventer

Corepoint RE

Broker

$2.7M

vol

2 deals

Broker

Oakhurst Office Market Snapshot

Boundary boundary · Office · Sale transactions

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Deal FAQ

About $527 per square foot on a published $950K for 1,800 square feet (2022).

Visit Michelle Arege-Coffenberg to view all their deals.

Browse New Jersey office sales on Traded.

Purchase Price

Annual NOI

Loan Amount

Interest Rate (%)

Loan Term (yrs)

Down Payment (%)

Cap Rate

16.70%

Cash-on-Cash

-4.77%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93

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