July 30, 2021 – Charles Loccisano and Mike Lombardi of Horvath & Tremblay have successfully completed the sale of the Commons at Hampton Ridge in Barnegat, New Jersey. Horvath & Tremblay exclusively represented the seller to complete the transaction at a sale price of $2,275,000.
The Commons at Hampton Ridge is located at 175 Gunning River Road in Barnegat, New Jersey. The property consists of a medical office condominium complex and an adjacent, unimproved lot located at 30 Erin Way. The Commons at Hampton Ridge is situated on a 2.36-acre lot and consists of 9,600 square feet of medical offices fully leased to three tenants. Constructed in 2009, the overall medical condominium complex consists of four buildings and has a total of 14,400 square feet. One of the Buildings, which contains 4,800 square feet, was sold to Coastal Endoscopy, an owner-user in 2010. The common elements of the condominium complex include the buildings, parking lot and a separate lot that is used as a detention basin. 30 Erin Way is an unimproved 5.3-acre lot that is adjacent to The Commons at Hampton Ridge. The permitted uses for this Property are numerous and include some of the following: Office, Medical Office, Adult Day Care, Assisted Living, Nursing Homes, Flex Space and Indoor & Outdoor Recreation. The property is located less than 1-mile from the Garden State Parkway and US Route 9, and is within minutes of Southern Ocean County Hospital, Hackensack Meridian Health, and Atlantic Region Medical Center.
Horvath & Tremblay is one of the most active and successful Investment Real Estate Brokerage firms in the United States. Our advisors specialize in the sale of single tenant net-lease assets and retail shopping centers. They have experience successfully structuring sale lease-back programs, portfolio dispositions, and 1031 exchanges. Horvath & Tremblay is dedicated to being the best source of information and expertise in the marketplace for private investors, developers, institutions, and industry professionals.