Log In/Sign Up
Your email has been sent.
363 Old Hook Rd 8,450 SF Office Building Westwood, NJ 07675 $2,750,000 ($325.44/SF) 6.15% Cap Rate
Investment Highlights
- Exceptional Location & "Hospital Hero": Aging population creates a high-density, "sticky" patient base for dialysis services.
- Strong Financial Upside & Stability with guaranteed rent growth and recession-resistant tenant. Triple-Net security.
- Exceptional Frontage & Visibility
- High-Income market with limited medical office construction
- Technical "Stickiness": Tenant relocation is extremely expensive and unlikely. Essential asset that supports regional hospital discharge planning
Executive Summary
Absolute NNN & Stable Cash Flow
Lease in place through 9/30/2033 with 3-three 5-year options.
Below market rental rate.
Lease in place through 9/30/2033 with 3-three 5-year options.
Below market rental rate.
Data Room Click Here to Access
- Offering Memorandum
Property Facts
Sale Type
Investment NNN
Property Type
Office
Property Subtype
Medical
Building Size
8,450 SF
Building Class
C
Year Built
1983
Price
$2,750,000
Price Per SF
$325.44
Cap Rate
6.15%
NOI
$169,000
Tenancy
Single
Building Height
1 Story
Typical Floor Size
8,450 SF
Building FAR
0.42
Lot Size
0.46 AC
Zoning
HSO
Parking
29 Spaces (3.43 Spaces per 1,000 SF Leased)
Major Tenants
- Tenant
- Industry
- SF Occupied
- Rent/SF
- Lease Type
- Lease End
-
- Health Care and Social Assistance
- 8,450 SF
- -
- Triple Net
- Sep 2033
DaVita traces its roots to a kidney care business founded in 1992 and later known as Total Renal Care before adopting the DaVita name in 2000. DaVita now focuses on dialysis services, kidney health education, and support for people living with chronic kidney disease and end-stage kidney disease. DaVita also operates business lines in integrated kidney care, clinical research, physician solutions, and venture investing, reflecting a broader platform built around kidney care and related health services. The company serves patients through a wide U.S. network and also maintains an international presence outside the United States.
| Tenant | Industry | SF Occupied | Rent/SF | Lease Type | Lease End | |
|
|
Health Care and Social Assistance | 8,450 SF | - | Triple Net | Sep 2033 |
1 1
Moderately walkable
60/100
Exceptionally drivable
90/100
Limited public transit
30/100
Moderately bikeable
60/100
Property Taxes
| Parcel Number | 67-02103-0000-00004 | Improvements Assessment | $1,348,900 |
| Land Assessment | $625,000 | Total Assessment | $1,973,900 |
Property Taxes
Parcel Number
67-02103-0000-00004
Land Assessment
$625,000
Improvements Assessment
$1,348,900
Total Assessment
$1,973,900
1 of 5
Videos
Matterport 3D Exterior
Matterport 3D Tour
Photos
Street View
Street
Map
1 of 1
