Newmark Associates helps trade prime medical/office building in Union for $1.625M

Newmark Associates recently announced it helped sell an 8,700-square-foot medical/office building in Union for $1.625 million.

Newmark Associates’ agent, Ebony Parham, represented the seller. Pharam’s expertise and commitment to delivering results were exemplified as it was listed and under contract within a remarkable 45 days.

Located at 700 Rahway Ave., this two-story building presented an enticing opportunity for buyers seeking a strategic location and versatile space.

Positioned in a prime area of Union, the building offers unparalleled convenience and accessibility. Situated along the New Jersey Transit bus line and just minutes away from major highways, it provides excellent connectivity for both staff and patients. The property’s open floor plan and high ceilings create a spacious and adaptable environment, ideal for a range of medical and office purposes.

The fully built-out second floor, specifically designed for medical facilities, showcases the building’s potential as a comprehensive health care hub. With all necessary infrastructure in place, including examination rooms, treatment areas and administrative spaces, the buyer, a prominent medical practice, recognized the immense value in this turnkey solution. The purchase will facilitate the practice’s expansion plans, enabling it to accommodate its growing patient base and provide enhanced medical services.

In addition to its strategic location and functional layout, the building offers the added advantage of ample on-site parking.