Legacy Commercial Realty is pleased to present the well-performing, 100% occupied medical office strip building to the market for lucrative investment acquisition. Hackensack University Medical Center (HUMC), a leading healthcare provider offering various medical services, anchors the multi-tenant building. There are six other medical office tenants, TD Bank in the end cap, a drive-thru suite, and a Verizon cell tower on the roof. The building has undergone multiple renovations over the years and was most recently updated in 2024. 275-277 Forest Avenue generates a robust NOI surpassing $1.1 million, presenting a strong return on investment. Paramus contains several large shopping malls, including Westfield Garden State Plaza, Bergen Towne Center, Paramus Park, and The Fashion Center, as well as smaller strip centers and standalone retail stores. The town is served by the extensive network of major highways, including Routes 4, 17, and 208, the Garden State Parkway, and numerous county and other secondary roads. In addition, the Borough is serviced by a local private bus service, which provides access to New York City, and the New Jersey Transit bus service, which provides access from the surrounding communities to the extensive retail destinations located along nearby highways. 275-277 Forest Avenue is surrounded by prominent medical synergy along the Route 17 and Route 4 corridors. Established medical facilities include The Valley Health System, CarePlus, Summit Health, Bergen Medical Associates, New Bridge Medical Center, and more. Of the immediate realm’s daytime workforce, approximately 75,942 employees report to education and health services, the largest industry in the area. Property tours are available by appointment only. Please contact the broker to schedule.
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