Colliers arranges sale of fully leased Asbury Park retail property by online auction

Key points

• Colliers arranged the online auction sale of a fully leased retail property in Asbury Park
• The 11,926-square-foot property at 1105-1109 Memorial Drive is tenant-occupied by Monmouth County Habitat for Humanity
• The auction attracted 20 registered bidders, indicating strong investor interest
• Asbury Park continues to be one of New Jersey's hottest real estate markets
• The property generated competitive bidding through the online auction platform

FAQ

Where is the Asbury Park property located?

The retail property is located at 1105-1109 Memorial Drive in Asbury Park, New Jersey. It spans 11,926 square feet and is situated in one of the state's most active commercial real estate markets.

Who is the current tenant at this property?

The property is fully leased to Monmouth County Habitat for Humanity, providing stable income for the new owner.

How many bidders participated in the auction?

The online auction process drew 20 registered bidders, indicating significant investor interest in the property.

Why is Asbury Park attractive to commercial real estate investors?

Asbury Park has emerged as one of New Jersey's hottest real estate markets, attracting investor interest due to its development potential and market growth.