Drake's Pond Professional Building - New Medical Investment - Legacy Commercial Realty

Newton NJ 07860

For Sale 3,150,000.00
Property Details

Newton NJ 07860

For Sale 3,150,000.00
Medical/Consulting
Description

Drake's Pond Professional Building - New Medical Professional Office Investment for Sale - Newton

Medical/Consulting - NJ

Drake’s Pond Professional Building – 33 Newton Sparta Road – Newton, NJ 07860
BRAND NEW TO THE MARKET!
+/- 15,000 TWO-STORY MEDICAL PROFESSIONAL OFFICE BUILDING FOR SALE
ASKING PRICE: $3,150,000.00
ACTUAL CAP RATE: 7.04%
ANCHOR TENANT JUST SIGNED A NEW 10-YEAR EXTENSION.
93.3% OCCUPIED
BUILDING WAS FULLY RENOVATED IN 2004.
80 PARKING SPACES.

Legacy Commercial is pleased to present Drake’s Pond Professional Building, which is a 15,000 square foot two-story medical / professional office building located in Newton, Sussex County, New Jersey. The property is currently 93.3% occupied by Skylands Medical Group (Primary Care and Corporate Administration Offices) and a unique specialty medical surgical specialty suite that includes: Associates in Adult & Pediatric Urology and Gastroenterology Associates of North Jersey. Skylands Medical and the specialty suite practitioners provide primary and specialty healthcare services to the surrounding community.

The anchor Tenant is Sklyands Medical Group. Skylands Medical has 9 locations throughout Warren, Sussex, and Morris counties and is one the premier primary care and multi-specialty medical groups in NJ. Skylands Medical Group has a thriving primary care practice along with their corporate administration offices at this location. Their website can be found at: http://www.skylandsmedicalgroup.com/

Property Features
  • Medical/Consulting
Matt Miller
Sales Associate
908-770-0686
732-333-6380
Matt Miller has a degree in Public Policy from Rutgers University and a Masters Degree in Healthcare Administration from Seton Hall University. He had previously worked at CentraState Medical Center as a Financial Analyst for a number of years. Matt has always been a people person with a passion for sales. That coupled with him being born and raised in Monmouth County, led him to Legacy Commercial Realty. Among other things, Matt’s education and experience in the Medical field has provided his Medical clients’ with a strategic advantage in finding real estate opportunities. Matt works tirelessly to satisfy the differing requirements of his clients. Matt has a passion for land development, investment sales, and business development & growth. Matt is another member of the Legacy team that feels that a hands on approach is instrumental in both the company’s and our clients success.
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