Paramus Medical Center

Location: Paramus, NJ
Type: Office
Price: $ 8,250,000

SMC’s $8,250,000 first mortgage loan facilitated the acquisition of Paramus Medical Center, a 33,746 SF medical office property located in Paramus, NJ. The Property is located in an infill location in Bergen County, within five miles of 3 hospitals totaling over 1,500 beds, and within 7.5 miles of 4 hospitals totaling approximately 2,200 beds. Paramus Medical Center is currently 100% occupied, and two-thirds of the tenants at the Property have been in occupancy for nearly 10 years.