Newmark Associates CRE Sells 8.7K SF Medical Office Building In Union, NJ For $1.6M

Newmark Associates CRE recently closed a transaction in Union, NJ, selling a versatile 8,700 sq ft medical/office building located at 700 Rahway Avenue. The property was sold for $1.6 million, with a price per square foot of $187. Its strategic location and adaptable space made it an appealing choice for buyers seeking convenience and flexibility.

Summary of transaction details:

• Property Type: Medical Office
• Transaction Amount: $1,625,000
• Square Footage: 8,700
• Address: 700 Rahway Avenue, Union, NJ
• Market: Union

Ebony Parham from Newmark represented the parties involved in the transaction, ensuring a smooth and successful deal.