Cushman & Wakefield Represents 400 Old Hook Owner LLC In $4.35M Westwood Medical Office Sale

A 33,277-square-foot, three-story medical office building located at 400 Old Hook Road in Westwood sold for $4.35 million. The transaction was facilitated by Cushman & Wakefield's brokerage team, comprising Andrew Schwartz, Jordan Sobel, André Balthazard, and Dan Bottiglieri, representing the seller, 400 Old Hook Owner LLC. The property was noted to be 70% leased and is situated near Hackensack Meridian Health’s Pascack Valley Medical Center in Bergen County.

Summary of transaction details:

• Property Type: Medical Office
• Transaction Amount: $4,350,000
• Address: 400 Old Hook Road
• Market: Westwood
• Asset Size: 33,277 SF
• Price Per Square Foot: $131
• Seller: 400 Old Hook Owner LLC
• Broker Representatives: Andy Schwartz, Jordan Sobel, André Balthazard, and Dan Bottiglieri - Cushman & Wakefield
• Mortgage Brokers: Brian Anderson and Eddie Miro - Cushman & Wakefield

In this transaction, Cushman & Wakefield's brokers also played a pivotal role in procuring the buyer. Additionally, Brian Anderson and Eddie Miro from Cushman & Wakefield arranged the acquisition financing for the medical office asset, further contributing to the transaction's framework.