Property Details
Price :
Square Feet :
Cap Rate :
$6,525,000
27,735
7.00%
NOI :
Acres :
$456,773
1.19
Property Type :
Property Status :
Office
Available
Investment Highlights
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.
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, including pediatrics, physical therapy, allergy & immunology, and dentistry.
- Well-designed, modern medical office layouts offering flexible configurations.
Prime Location | High Visibility & Access
- Positioned directly on Route 208, a major commuter artery with 80,000+ vehicles per day.
- 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 1-mile radius.
Stable & 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 & 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 & 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 SF 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.
- 12,000+ employees within a 1-mile radius, driving weekday traffic.
- Bergen County’s low medical office vacancy rates and high barriers to entry support long-term asset appreciation.
This trophy medical office investment provides investors with stability, strong cash flow, and appreciation potential in a premier Bergen County location.
Listing Contacts
