The Kislak Company’s Jersey Shore investment sales total $11.5 million
Monmouth County, NJ — The Kislak Company, Inc. announced the recent sale of four individual investment properties totaling $11.445 million in Red Bank, Long Branch and Freehold, all in Monmouth County, New Jersey. Kislak marketed the properties on an exclusive basis on behalf of the sellers with senior vice president Daniel Lanni handling the assignments. Lanni also procured the purchaser in each transaction. He commented, “2020 has been a challenging year for sure. However, investment real estate sales in Monmouth County remain consistently strong and investor demand has never been greater in my 10 years working the market. Buyers are taking advantage of historically low interest rates and sellers are benefiting from record sale prices, a true win-win.” The Coastal Building is a four-story class A office building located directly on the Navesink River at 151 Bodman Pl. in Red Bank -- close to the heart of downtown shopping, restaurants, and the train station. Comprised of 29,200 s/f on 1.16 acres, the property affords on-site building management and onsite parking. Convenient accessibility to the Garden State Parkway is less than 3 miles away. The sale price was $6.2 million. Also located in Red Bank, 95-97 Broad St. is a 4,935 s/f commercial building with on-site parking. The property was fully leased at the time of closing. The sale price was $1.325 million.