Office Medical
Palisades Medical Arts Building
810 Abbott Blvd, Fort Lee, NJ 07024
Listing Price: $4,000,000
Investment Overview
Marcus & Millichap is pleased to present the opportunity to acquire Palisades Medical Arts Building, a 14,503-square-foot medical and professional office property located at 810 Abbott Boulevard in Fort Lee, New Jersey. The four-story building is currently 94% occupied by 14 tenants, with the majority of the occupied space dedicated to healthcare-related uses.
Palisades Medical Arts Building
Investment Highlights
- 94% Occupied Medical and Professional Office Property with 14 Tenants Across 14,503 Square Feet
- Healthcare-Oriented Tenant Mix Includes Cardiology, Internal Medicine, General Dentistry, Podiatry, Physical Therapy, Chiropractic Care, Audiology, Speech Therapy, Acupuncture, and More
- Established Tenancy Includes Hackensack Meridian Health Cardiology, Holy Name-Affiliated Physician Andrei Terentiev, MD, and Speech & Hearing Associates, a Nine-Location New Jersey Practice
- New 10-Year Lease with Good Care Dental Extending Through January 2035, Supported by Approximately $100,000 of Tenant-Funded Improvements
- Established Tenant Base with Lease Commencement Dates Dating Back to 2017
- Staggered Lease Expirations Through 2031, Supplemented by Good Care Dental's Lease Through January 2035
- Diversified Rent Roll with No Single Tenant Occupying More Than 13% of the Property's Gross Leasable Area
- Contractual Rent Increases Across Multiple Leases Provide Built-In Revenue Growth
Exclusively Listed By
Financing By
Listing Price: $4,000,000
Investment Highlights
- 94% Occupied Medical and Professional Office Property with 14 Tenants Across 14,503 Square Feet
- Healthcare-Oriented Tenant Mix Includes Cardiology, Internal Medicine, General Dentistry, Podiatry, Physical Therapy, Chiropractic Care, Audiology, Speech Therapy, Acupuncture, and More
- Established Tenancy Includes Hackensack Meridian Health Cardiology, Holy Name-Affiliated Physician Andrei Terentiev, MD, and Speech & Hearing Associates, a Nine-Location New Jersey Practice
- New 10-Year Lease with Good Care Dental Extending Through January 2035, Supported by Approximately $100,000 of Tenant-Funded Improvements
- Established Tenant Base with Lease Commencement Dates Dating Back to 2017
- Staggered Lease Expirations Through 2031, Supplemented by Good Care Dental's Lease Through January 2035
- Diversified Rent Roll with No Single Tenant Occupying More Than 13% of the Property's Gross Leasable Area
- Contractual Rent Increases Across Multiple Leases Provide Built-In Revenue Growth
Investment Overview
Marcus & Millichap is pleased to present the opportunity to acquire Palisades Medical Arts Building, a 14,503-square-foot medical and professional office property located at 810 Abbott Boulevard in Fort Lee, New Jersey. The four-story building is currently 94% occupied by 14 tenants, with the majority of the occupied space dedicated to healthcare-related uses.
Exclusively Listed By
Financing By
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