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1879 Lakewood Road

Ari Shlez Acquires Office In Toms River From Susan Strauss For $4.5M
SOLDOffice

Ari Shlez Acquires Office In Toms River From Susan Strauss For $4.5M

1879 Lakewood Road

$4,500,000

$450/SF

Building Size

10,000 SF

Asset Type

Office

Closing

Nov 13, 2025

AI

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.

Players

Chaya Klein

One Real Estate

Broker

$17.1M

vol

5 deals

Broker

Toms River Office Market Snapshot

Boundary boundary · Office · Sale transactions

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Purchase Price

Annual NOI

Loan Amount

Interest Rate (%)

Loan Term (yrs)

Down Payment (%)

Cap Rate

3.53%

Cash-on-Cash

-1.01%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93