Office Medical
The Summit at Fair Lawn
23-00 NJ-208, Fair Lawn, NJ 07410
Listing Price: $6,525,000
Investment Overview
Marcus & Millichap is pleased to present The Summit at Fair Lawn, a premier two-story medical office building in one of Bergen County’s most sought-after submarkets. This 27,735 SF asset is strategically located on Route 208, a high-traffic corridor with 80,000+ vehicles per day, providing unparalleled visibility and accessibility.
This well-occupied, multi-tenant medical office building is home to an established roster of healthcare professionals, offering investors stable cash flow with long-term leases in place. With proximity to major hospitals, retail centers, and affluent residential communities, The Summit at Fair Lawn is positioned as a prime healthcare investment in Northern New Jersey. Its ideal location, strong demographics, and consistent demand for medical office space in Bergen County make this a rare opportunity to acquire a stabilized, high-quality asset in a supply-constrained market.
The Summit at Fair Lawn
Investment Highlights
- This Trophy Medical Office Investment Provides Investors with Stability, Strong Cash Flow, and Appreciation Potential in a Premier Bergen County Location.
- Prime Medical Office Investment -100% Medical Tenancy, Catering to the Strong Demand for Healthcare Space in Bergen County. -Long-Term Leases in Place with Established Medical Practitioners,
- -Well-Designed, Modern Medical Office Layouts Offering Flexible Configurations. Prime Location | High Visibility and Access -Positioned Directly on Route 208, a Major Commuter Artery
- -Short Drive to Major Highways, Including Interstate 80 (4.2 Miles), Route 17 (4.7 Miles), and the Garden State Parkway (4.9 Miles). -Less than 14 Miles from New York City, Providing Direct Access to an Extensive Patient Base. -Surrounded by Affluent Bergen County Communities, with a $147,811 Average Household Income in a One-Mile Radius.
- Stable and Growing Medical Market -High Demand for Medical Office Space, with Limited New Supply in Bergen County. -Fair Lawn is Home to Top-Rated Healthcare Providers and Hospitals, Including Hackensack University Medical Center (6.5 Miles) and Valley Hospital (5.2 Miles). -The Aging Population and Strong Healthcare Employment Growth Create Sustained Demand for Medical Services.
- Proximity to Retail and Lifestyle Amenities -Surrounded By National Retailers, Including Trader Joe's, CVS, Walgreens, Whole Foods, Starbucks, Panera Bread, and Home Depot, Driving Consistent Foot Traffic. -Located Near Radburn and Broadway Train Stations, Providing Direct NJ Transit Access to NYC. -Easy Access to Fair Lawn's Vibrant Downtown, Featuring Diverse Restaurants, Cafes, and Shopping Options.
- Turnkey Investment | Minimal Management Required -High-Quality Construction and Well-Maintained Property, Ensuring Minimal Capital Expenditures. -Strong In-place Cash Flow with Built-in Rental Escalations. -Diverse Tenant Mix Across Medical Specialties, Reducing Vacancy Risk. -Dedicated Parking with a 4.04/1,000 Square Foot Ratio, Ideal for Medical Office Use.
- Bergen County Market Strength -One of the Wealthiest Counties in New Jersey, Ensuring a Strong Patient and Tenant Base. -Over 12,000 Employees Within a One-Mile Radius, Driving Weekday Traffic. -Bergen County's Low Medical Office Vacancy Rates and High Barriers to Entry Support Long-term Asset Appreciation.
Exclusively Listed By
Financing By
Listing Price: $6,525,000
Investment Highlights
- This Trophy Medical Office Investment Provides Investors with Stability, Strong Cash Flow, and Appreciation Potential in a Premier Bergen County Location.
- Prime Medical Office Investment -100% Medical Tenancy, Catering to the Strong Demand for Healthcare Space in Bergen County. -Long-Term Leases in Place with Established Medical Practitioners,
- -Well-Designed, Modern Medical Office Layouts Offering Flexible Configurations. Prime Location | High Visibility and Access -Positioned Directly on Route 208, a Major Commuter Artery
- -Short Drive to Major Highways, Including Interstate 80 (4.2 Miles), Route 17 (4.7 Miles), and the Garden State Parkway (4.9 Miles). -Less than 14 Miles from New York City, Providing Direct Access to an Extensive Patient Base. -Surrounded by Affluent Bergen County Communities, with a $147,811 Average Household Income in a One-Mile Radius.
- Stable and Growing Medical Market -High Demand for Medical Office Space, with Limited New Supply in Bergen County. -Fair Lawn is Home to Top-Rated Healthcare Providers and Hospitals, Including Hackensack University Medical Center (6.5 Miles) and Valley Hospital (5.2 Miles). -The Aging Population and Strong Healthcare Employment Growth Create Sustained Demand for Medical Services.
- Proximity to Retail and Lifestyle Amenities -Surrounded By National Retailers, Including Trader Joe's, CVS, Walgreens, Whole Foods, Starbucks, Panera Bread, and Home Depot, Driving Consistent Foot Traffic. -Located Near Radburn and Broadway Train Stations, Providing Direct NJ Transit Access to NYC. -Easy Access to Fair Lawn's Vibrant Downtown, Featuring Diverse Restaurants, Cafes, and Shopping Options.
- Turnkey Investment | Minimal Management Required -High-Quality Construction and Well-Maintained Property, Ensuring Minimal Capital Expenditures. -Strong In-place Cash Flow with Built-in Rental Escalations. -Diverse Tenant Mix Across Medical Specialties, Reducing Vacancy Risk. -Dedicated Parking with a 4.04/1,000 Square Foot Ratio, Ideal for Medical Office Use.
- Bergen County Market Strength -One of the Wealthiest Counties in New Jersey, Ensuring a Strong Patient and Tenant Base. -Over 12,000 Employees Within a One-Mile Radius, Driving Weekday Traffic. -Bergen County's Low Medical Office Vacancy Rates and High Barriers to Entry Support Long-term Asset Appreciation.
Investment Overview
Marcus & Millichap is pleased to present The Summit at Fair Lawn, a premier two-story medical office building in one of Bergen County’s most sought-after submarkets. This 27,735 SF asset is strategically located on Route 208, a high-traffic corridor with 80,000+ vehicles per day, providing unparalleled visibility and accessibility. This well-occupied, multi-tenant medical office building is home to an established roster of healthcare professionals, offering investors stable cash flow with long-term leases in place. With proximity to major hospitals, retail centers, and affluent residential communities, The Summit at Fair Lawn is positioned as a prime healthcare investment in Northern New Jersey. Its ideal location, strong demographics, and consistent demand for medical office space in Bergen County make this a rare opportunity to acquire a stabilized, high-quality asset in a supply-constrained market.
Exclusively Listed By
Financing By
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