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190 Saint Catherine Boulevard

Updated Nov 9, 2026

California-based Investor Acquires Office Building In Toms River For $2.35 Million
SOLDOffice

California-based Investor Acquires Office Building In Toms River For $2.35 Million

190 Saint Catherine Boulevard

$2,350,000

$317/SF

Building Size

7,400 SF

Asset Type

Office

Closing

Nov 8, 2026

About this deal

AI

A California-based private investor acquired the office building located at 190 Saint Catherine Boulevard in Toms River, New Jersey. The transaction price for the property, which has a square footage of 7,440 and sits on a 1.24-acre lot, was $2.35 million. The property includes a tenant space that houses a Social Security Administration office and underwent renovations in 2025.

Summary of transaction details:

The transaction was facilitated by Seth Goldberg, Alan Cafiero, and Brent Hyldahl, who represented the parties involved through Marcus & Millichap. Their expertise contributed to the successful completion of this deal involving a significant asset in the local market.

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$2,350,000

$317/SF

Office

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Players

Brent Hyldahl

Marcus & Millichap

Broker

$461.5M

vol

61 deals

Broker

Toms River Office Market Snapshot

Boundary boundary · Office · Sale transactions

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Deal FAQ

About $317 per square foot on a published $2.4M for 7,400 square feet (2026).

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Purchase Price

Annual NOI

Loan Amount

Interest Rate (%)

Loan Term (yrs)

Down Payment (%)

Cap Rate

6.75%

Cash-on-Cash

-1.93%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93

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