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Best of 2019 - Largest Medical Office Sale - Marcus & Millichap NJ


Marcus & Millichap-NJ Allwood Medical Campus Clifton, NJ

Size : 8.74 Acres Brokers: Fahri Ozturk, Richard Gatto and Thomas Cleary All three buildings were built in 1985 and total 160,349 square feet. The property is currently 100% occupied with a mix of prestigious tenants including, Summit Medical Group, Sutherland Healthcare and Englewood Hospital. The property also just underwent renovations, including state-of-the-art climate control systems, newer roof, one new elevator and updated landscaping. Parking is plentiful with 628 total spaces, including 68 covered spots. The market continues to show strong rental growth, due to vacancy consistently declining over the past ten years. This is evident by the existing average rents of $23.98 and latest signed leases at $33 psf. READ MORE

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