Riverdale, N.J. October 28, 2021) – NAI James E. Hanson announces it has negotiated the sale of a 6,200-square-foot medical office building at 82 Newark Pompton Turnpike in Riverdale, N.J. NAI James E Hanson’s Andrew Kirshenbaum represented the seller, Karser Enterprises, LLC, in the transaction with Dr. Jie Zhu and Dr. Yen Shi Kuo.
82 Newark Pompton Turnpike is a historic two-story building in a highly accessible location nearby the intersection of Interstate 287 and Route 23. In addition, the property features 31 parking spots and is currently home to two therapy practices and a medical lab in a shared three-office medical suite on the second floor.
Owner of a veterinary practice in Short Hills, N.J., Dr. Yen Shi Kuo planned to relocate her practice to a larger, more adaptable space that was better suited to her needs. The doctor recognized that 82 Newark Pompton Turnpike provided a tremendous opportunity to not only relocate her practice but reap the benefits of commercial real estate investment. The 2,950-square-foot previously occupied by Riverdale Veterinary Dermatology (Now named: Animal Dermatology & Allergy Specialists in Wayne, NJ) on the building’s first floor will now become home to her veterinary practice and will bring the property to 100 percent occupancy.
“This deal created an ideal situation for all parties involved and underscores how desirable well-located medical space continues to be in the current market,” said Kirshenbaum. “We are thrilled to have secured a buyer on our client’s behalf and are excited to provide the new owners with the perfect home for their business and an ideal investment property for years to come.”