Marcus & Millichap, a commercial real estate brokerage firm specializing in investment sales, financing, research and advisory services, announced the sale of a fully occupied, anchored medical center located at 142 NJ-35 in Eatontown for $8,050,000.
“Investor demand for well-located medical properties remains strong,” said Brent Hyldahl, first vice president investments. “Our team successfully navigated a very complex environment to get this one across the finish line.”
Hyldahl, Alan Cafiero and Seth Goldberg, investment specialists in Marcus & Millichap’s New Jersey office, exclusively marketed the property on behalf of the seller, PB7 Associates, and procured the buyer, Aspen Court Partners LLC.
The property, known as Aspen Court, is a 27,965-square-foot medical office center situated on 1.65 acres along Route 35, which sees nearly 30,000 vehicles per day. The center is anchored by Advanced Endoscopy & Surgical Center, which recently executed a 10-year lease extension. Other tenants include Carbon Health Urgent Care, Atlantic Medical Imaging, Eatontown Dental and others. Located in Monmouth County, the property is minutes from Monmouth Mall, Long Branch Beach and Monmouth University, with nearby retailers such as Lowe’s, Lidl and Wawa.
