August 12, 2022 – Michael Lombardi and Charles Loccisano of Horvath & Tremblay have successfully completed the sale of Kessler Physical Therapy in Toms River, New Jersey. Horvath & Tremblay exclusively represented the seller and procured the buyer to complete the transaction at a sale price of $875,000.
Kessler Physical Therapy and Rehabilitation Center is located at 1186-1190 Fischer Boulevard in Toms River, New Jersey. Completely renovated for the tenant in 2002 with interior and exterior improvements over the last 3 years, the free-standing Property has a gross leasable area of 3,030 square feet and sits on a 0.47-acre parcel. Kessler Physical Therapy and Rehabilitation Center has been at this location for more than 19 years (since 2002) and just exercised a renewal option further demonstrating their commitment to the site and the market. Kessler has 5+ years of term remaining on their double-net lease plus two (2), 5-year renewal options. The Property is well positioned along Fischer Boulevard in the eastern portion of Toms River, 1.5-miles from Ocean County College and just a few miles from the Toms River East and the Toms River North High Schools. The Property benefits from good frontage, visibility, and access and enjoys close proximity to the junction of US Route 9 and NJ Route 37.
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.