**Medical Office Building in Westwood, NJ Sold for $4.35 Million**
Cushman & Wakefield has successfully arranged the sale and financing of a medical office building located at 400 Old Hook Road in Westwood, New Jersey. The three-story, 33,277-square-foot property is situated less than half a mile from Hackensack Meridian Health’s Pascack Valley Medical Center. The building was sold to an undisclosed buyer for $4.35 million.
The sale was facilitated by Cushman & Wakefield’s Private Capital Group, which included Andrew Schwartz, Jordan Sobel, André Balthazard, and Dan Bottiglieri. The team marketed the property on behalf of the seller, 400 Old Hook Owner LLC, and also procured the buyer.
“Medical office continues to be one of the most sought-after asset classes in New Jersey, particularly in locations with strong health system adjacency and durable tenancy,” said Jordan Sobel. “400 Old Hook Rd. checks all those boxes.”
Financing for the transaction was secured by Brian Anderson and Eddie Miro of Cushman & Wakefield’s Equity, Debt & Structured Finance team. Located along one of Bergen County’s premier medical corridors, the building is currently 77% leased and remains a strategic location for healthcare tenants.
