Investment Overview

126 State Street presents a compelling opportunity to acquire a fully renovated medical office and laboratory asset totaling approximately ±13,000 square feet in the heart of downtown Hackensack. The property features a modern, turnkey interior with a fully built-out lab component, offering immediate usability for medical, research, or specialty office tenants, and eliminating the time and capital typically required for buildout. Originally constructed in the mid-1980s and renovated in recent years, the building benefits from extensive capital improvements, including a roof and utility upgrades completed in 2017, positioning the asset with reduced near-term maintenance risk and enhanced operational efficiency. Strategically situated in Bergen County’s primary commercial and healthcare hub, the property is located in close proximity to Hackensack University Medical Center, a major regional hospital and healthcare anchor, as well as Main Street and the Bergen County Justice Center, which serve as key employment and civic drivers within the city. This central location supports strong demand fundamentals driven by a dense surrounding population base and steady professional traffic. Additionally, the asset benefits from convenient regional accessibility, including proximity to NJ Transit rail service and major thoroughfares, enhancing connectivity for both employees and patients. [njcourts.gov], [hackensack...health.org] [cityfeet.com] The property sits on approximately 0.34 acres and comprises a two-story office building totaling roughly 11,800–12,000 square feet, consistent with public records and prior listings. The building is equipped with an ADA-compliant elevator, ample on-site and nearby parking, and a durable brick exterior, providing long-term structural integrity, low maintenance requirements, and strong curb appeal. These physical attributes, combined with its functional layout, position the property as an ideal solution for a wide range of healthcare and professional users. [loopnet.com] From an investment perspective, 126 State Street offers multiple execution strategies, including a sale-leaseback opportunity generating stable income, a high-quality owner-user acquisition, or a value-add repositioning scenario to further capitalize on the continued growth and redevelopment of downtown Hackensack. With its combination of recent renovations, institutional-quality location, and flexible usability, the property represents a rare opportunity to acquire a well-located, healthcare-oriented asset in one of Northern New Jersey’s most dynamic submarkets.