Ari Shlez Acquires Office In Toms River From Susan Strauss For $4.5M
SOLD
$4,500,000
New Jersey
See Similar DealsOffice10,000 SF
Sold 11/14/2025
SOLD
Ari Shlez Acquires Office In Toms River From Susan Strauss For $4.5M
1879 Lakewood Road
See Similar DealsOffice10,000 SF
Sold 11/14/2025
Summary
NEW JERSEY
Asset Type:Office
Price Per Square Foot:$450
Total Square Footage:10,000 SF
Transaction Type:Sale
The property involved in this transaction is an office asset located at 1879 Lakewood Road in Toms River. The sale price for the property was $4,500,000, with a total square footage of 10,000, resulting in a price per square foot of $450.
Summary of transaction details:
- Property Type: Office
- Transaction Amount: $4,500,000
- Address: 1879 Lakewood Road
- Market: Toms River
- Square Footage: 10,000
- Price Per Square Foot: $450
- Buyer: Ari Shlez
- Seller: Susan Strauss
- Broker: Chaya Klein - One Real Estate
The deal features Ari Shlez as the buyer, with Susan Strauss as the seller. Chaya Klein from One Real Estate represented the transaction as the broker, facilitating the transfer between the buyer and seller.
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$240,000.00
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$15,987.55
Cash-on-Cash Return-1.27%
Monthly Debt Service$21,332.30
Annual Debt Service$255,987.55
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