500 Craig Road Manalapan Auction EBlast.png
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AUCTION DATE:  JUNE 20 through JUNE 22, 2022

MINIMUM BID: $1,350,000

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Detailed Description

Craig Corporate Center features a Class-A Two-Story Elevator Office Building comprised of approximately 49,000 Gross Square Feet which includes approximately 39,000 Rentable Square Feet plus a full lower level with additional offices and storage space. The property is set on over three acres of beautifully landscaped grounds and includes ample parking (approximately 4 spaces / 1,000 SF). Upon entering guests and tenants are greeted by an impressive two-story lobby with marble flooring, an ornamental stairway, and custom woodwork. Throughout the entire building, there are high-quality finishes and touches. Recent building upgrades include a new façade, new LED lighting throughout, and a new HVAC System. Other special features are training and conferencing facilities.


The property presents investors with several enticing value-add opportunities. Current vacant space can be leased-up at market rates and due to the zoning, medical offices are a permitted use creating the potential for a wide and synergistic tenant mix. Additionally, the office is ideal for social distancing as the layout features private offices with private restrooms within certain suites.


Craig Corporate Center is highly accessible for tenants and visitors alike. The property is minutes to Routes 9, 18 and 33 and just minutes from two area hospitals: CentraState Medical Center, and Raritan Bay Medical Center. It is also only two and a half miles from Monmouth County Courthouse; 15 miles from the Jersey Shore; and 45 miles from New York City. Neighboring area amenities including local shopping, hotels, restaurants, and banking are all just minutes away.


Property tours are available by appointment only, please contact the listing broker to schedule.

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For Further Information Contact Exclusive Broker:


Marc Shein

Senior Vice President

732 985 3000 ext. 212

mshein@naidb.com

The information contained herein has been given to us by the owner of the property or other sources we deem reliable.  
We have no reason to doubt its accuracy, but we do not guarantee it. All information should be verified prior to purchase or lease.