Updated Nov 9, 2026
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:
- Property Type: Office
- Transaction Amount: $2,350,000
- Square Footage: 7,440
- Price Per Square Foot: $318
- Address: 190 Saint Catherine Boulevard
- Market: Toms River, NJ
- Brokers: Seth Goldberg, Alan Cafiero & Brent Hyldahl - Marcus & Millichap
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.
On the Map
$2,350,000
$317/SF
Office
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Players
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
6.75%
Cash-on-Cash
-1.93%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93