1225 McBride Ave
Woodland Park, NJ 07424
Passaic Valley Medical Center · Property For Lease

THIS IS A CLASS-A MEDICAL OFFICE FACILITY WITH OVER FIFTEEN TENANTS, ANCHORED BY SUMMIT CITYMD. DURING THE PANDEMIC, WHEN ALL OFFICE ACTIVITY WAS AT A STANDSTILL, THIS BUILDING ATTRACTED ONE OF THE LEADING MEDICAL FACILITIES TO MAKE THIS THE HEADQUARTERS FOR THEIR LAB. THE IMPORVEMENTS WHICH WERE DONE TO BRING A TENANT LIKE CITYMD HAS SHOT UP THE ASSET VALUE OF THE PROPERTY. TO HIGHLIGHT SOME OF THE FEW VERY STRONG TENANTS LIKE WOODLAND PARK DIALYSIS CENTER, ST. JOSEPH’S HOSPITAL, ENGLEWOOD HOSPITAL, AND HEART & VASCULAR (PASSAIC VALLEY MEDICAL CENTER) THE BUILDING IS 187,650 +/- SF AND CURRENTLY 94% +/- OCCUPIED AND IS PROJECTED TO BE 100% OCCUPIED with all medical tenants BY THE TIME OF THE ACQUISITION. THE BUILDING HAS EXCELLENT UNDERLYING FUNDAMENTALS AND CASH FLOW. THIS PROPERETY IS IN A HIGHLY SOUGHT OUT LOCATION SITUATED ON 10+ ACRES WITH AMPLE PARKING