604 Laurel Ave. in Point Pleasant Beach — Courtesy: Marcus & Millichap
By Joshua Burd
A private investor has sold a 3,000-square-foot bank building in Ocean County, according to brokers with Marcus & Millichap who orchestrated the deal.
The net-leased property, which is occupied by Provident Bank, sits at 604 Laurel Ave. in Point Pleasant Beach, the brokerage said in a news release. An unnamed buyer acquired the property for $1.57 million.
Marcus & Millichap investment specialists Michael Lombardi and Greg Babaian represented the seller. They noted that Provident Bank has been established at the location for more than six years and that the lease is corporately guaranteed.
