Zimmel Associates on Tuesday announced it represented a surgical company in the acquisition of a medical office building located at 146 Route 17 in Hackensack for $3.7 million.
Leveraging his expertise and industry connections, Jaime Zimmel, vice president of Zimmel Associates, facilitated the successful acquisition of this property and represented the buyer for his client. The fact that this building was already built to suit the buyer’s needs made it an ideal location.
The four-story, modern office building boasts a generous 15,300 square feet of space, features an on-site surgical center with patient rooms and a back office, 48 surface parking spaces and frontage on Route 17. Its strategic location, directly off Interstate 80, with close proximity to Routes 3, 4 and 46 and Interstate 95/New Jersey Turnpike, offers excellent visibility and accessibility, ensuring a steady flow of traffic and business opportunities for tenants.
JLL represented the seller, Procida Funding & Advisors.
“We are excited to have represented the buyers in the acquisition of this highly sought-after medical office building,” Jaime Zimmel said. “The property’s desirable location, move-in ready capability with outstanding features make it an exceptional investment opportunity. Our team worked diligently to ensure a smooth and successful transaction.”
The new owners will occupy 11,500 square feet, and the remaining 3,800 square feet of medical space will be leased. Zimmel Associates has been retained as the leasing broker.
