Marcus & Millichap, a leading commercial real estate brokerage firm specializing in investment sales, financing, research and advisory services, announced the sale of 190 St. Catherine Blvd., a Social Security Administration building in Toms River, for $2.35 million.
The property totals 7,440 square feet on a 1.24-acre lot. Built in 2000, it was 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.
“We are pleased to have represented our clients in the successful sale and acquisition of this longstanding government asset,” said Seth Goldberg, director of 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 & Mi...