Jenna Glick Of Newmark Associates CRE Brokers $1.787M Sale Of Medical Office In Boonton

A 10,000 square foot medical office building has been sold for $1,787,500 at the address of 550 West Main Street in Boonton. The asset features 13 private offices and is occupied by a mix of medical, wellness, and professional tenants, reflecting its diverse use within the market.

Summary of transaction details:

• Property Type: Medical Office
• Transaction Amount: $1,787,500
• Square Footage: 10,000
• Address: 550 West Main Street
• Market: Boonton
• Price Per Square Foot: $179

The transaction was brokered by Jenna Glick representing Newmark Associates CRE. The deal emphasizes the strong demand from investors for well-tenanted suburban office properties located in prime areas of Morris County.