New York-based LLC Acquires Medical Office Building In Livingston For $13.5M

A 34,599-square-foot medical office building located at 315 East Northfield Road in Livingston was recently sold for $13.5 million. The property, near Cooperman Barnabas Medical Center, garnered strong interest from buyers due to its proximity to the hospital and stable tenant base. The sale was facilitated by Marcus & Millichap, with the buyer being a New York-based LLC specializing in medical office investments.

Summary of transaction details:

• Property Type: Medical Office
• Transaction Amount: $13,500,000
• Address: 315 East Northfield Road
• Market: Livingston
• Square Footage: 34,599
• Price per Square Foot: $390
• Brokers: Alan Cafiero, David Cafiero, Dean Matuszewicz, Joseph Koicim, & Brian Kaplan - Marcus & Millichap

The sale of the medical office building was completed with the assistance of Alan Cafiero, David Cafiero, Dean Matuszewicz, Joseph Koicim, and Brian Kaplan from Marcus & Millichap. The local partnership, as sellers, found a willing buyer in the New York-based LLC, showcasing the demand for properties in strategic locations near established medical facilities.