MONROE TWP., NJ — Kislak Commercial Real Estate Service, Inc. announced the $6.485 million sale of Pondview Plaza, a 31,000 s/f medical office located at 100-300 Overlook Dr., Monroe Twp. in the heart of Middlesex County.
Stephen Gianis, vice president of commercial sales and leasing, represented the purchaser, SNS Real Estate Investment Group, LLC.
“This was the second medical office that SNS purchased through Kislak Commercial,” said Gianis. “SNS recognized the strength of tenancy at Pondview Plaza and submitted a strong offer just below the asking price before finalizing the terms of the sale. Having long term tenants like DaVita Renal Center, Parker Adult Daycare and JFK Physical Therapy provided them with stability going forward.”
“Steve identified this off-market transaction and the value of its tenancies and their terms and gave his client a better than market cap rate as a result,” added Peter Wisniewski, Kislak Commercial’s executive vice president.