Marcus & Millichap Inc.
11/06/2026 | Press release | Archived content
Marcus & Millichap Brokers $2.35M Sale of Jersey Shore Social Security Administration Building
Press Releases
Marcus & Millichap Brokers $2.35M Sale of Jersey Shore Social Security Administration Building
November 06, 2026
LinkedIn Email App
TOMS RIVER, N.J., Nov. 6, 2026 - Marcus & Millichap (NYSE: MMI), a leading commercial real estate brokerage firm specializing in investment sales, financing, research and advisory services, announced today the sale of 190 St. Catherine Blvd., a Social Security Administration building for $2.35 million.
"We are pleased to have represented our clients in the successful sale and acquisition of this longstanding government asset," said Seth Goldberg, director investments in Marcus & Millichap's New Jersey office. "The property offered an attractive combination of a long-standing federal government tenancy, a recently renovated facility and a well-established Toms River location. Its proximity to major healthcare facilities, coupled with the stability of the Social Security Administration tenant, made it a compelling investment opportunity."
Goldberg, Alan Cafiero and Brent Hyldahl of Marcus & Millichap exclusively marketed the property on behalf of the seller, a private investor from New Jersey, and procured the buyer, a private investor from California.
The property totals 7,440 square feet on a 1.24-acre lot. It was built in 2000 and renovated in 2025 with a gutted and rebuilt facility including a new roof. The Social Security Administration has operated at this location since 1996 and serves more than 100,000 retirees in more than two dozen age-restricted senior communities.
The property is adjacent to the new Community Medical Center and Children's Specialized Hospital constructed in 2023. The 86,000-square-foot site provides imaging, ambulatory surgery, therapy and a pediatrics center. 190 St. Catherine Blvd. is situated in Ocean County, near State Route 37 and Garden State Parkway.
"This marks the second time our team has brokered the sale of this property, it's always rewarding to see an asset come full circle," said Hyldahl, senior managing director investments. "Our familiarity with the building and the local market helped us deliver a successful outcome for both parties."
"We are pleased to have represented our clients in the successful sale and acquisition of this longstanding government asset," said Seth Goldberg, director investments in Marcus & Millichap's New Jersey office. "The property offered an attractive combination of a long-standing federal government tenancy, a recently renovated facility and a well-established Toms River location. Its proximity to major healthcare facilities, coupled with the stability of the Social Security Administration tenant, made it a compelling investment opportunity."
Goldberg, Alan Cafiero and Brent Hyldahl of Marcus & Millichap exclusively marketed the property on behalf of the seller, a private investor from New Jersey, and procured the buyer, a private investor from California.
The property totals 7,440 square feet on a 1.24-acre lot. It was built in 2000 and renovated in 2025 with a gutted and rebuilt facility including a new roof. The Social Security Administration has operated at this location since 1996 and serves more than 100,000 retirees in more than two dozen age-restricted senior communities.
The property is adjacent to the new Community Medical Center and Children's Specialized Hospital constructed in 2023. The 86,000-square-foot site provides imaging, ambulatory surgery, therapy and a pediatrics center. 190 St. Catherine Blvd. is situated in Ocean County, near State Route 37 and Garden State Parkway.
"This marks the second time our team has brokered the sale of this property, it's always rewarding to see an asset come full circle," said Hyldahl, senior managing director investments. "Our familiarity with the building and the local market helped us deliver a successful outcome for both parties."
# # #
About Marcus & Millichap, Inc. (NYSE: MMI)
Marcus & Millichap, Inc. is a leading brokerage firm specializing in commercial real estate investment sales, financing, research and advisory services with offices throughout the United States and Canada. As of December 31, 2025, the company had 1,808 investment sales and financing professionals in over 80 offices who provide investment brokerage and financing services to sellers and buyers of commercial real estate. The company also offers market research, consulting and advisory services to clients. Marcus & Millichap closed 8,818 transactions in 2025, with a sales volume of approximately $50.9 billion. For additional information, please visit www.MarcusMillichap.com.
Marcus & Millichap Inc. published this content on November 06, 2026, and is solely responsible for the information contained herein. Distributed via Public Technologies (PUBT), unedited and unaltered, on November 09, 2026 at 20:12 UTC. If you believe the information included in the content is inaccurate or outdated and requires editing or removal, please contact us at [email protected]