81 Route 4 East in Paramus — Courtesy: NAI James E. Hanson
By Joshua Burd
A medical office condominium in Paramus has changed hands and is set to become the home of a new oral surgery practice, brokers with NAI James E. Hanson announced Thursday.
In a news release, the firm said it represented Sauer Associates LLC in its sale of the 10,000-square-foot space at 81 Route 4 East. The team of Darren Lizzack and Randy Horning also represented the buyer, Teaneck Medical LLC, noting that the unit is part of a four-story, 40,000-square-foot medical office building near the junction of Route 4, Route 17 and the Garden State Parkway.
The site is also home to retailers such as Chipotle and America’s Best Contacts & Eyeglasses.
“Accessibility is one of the most important features a prospective buyer is searching for in today’s health care market,” Lizzack said. “Post-pandemic, there’s an increased emphasis on location as patients are seeking out health care providers that offer easy access to their daily activities. For that reason, sellers of these properties are in a strong negotiating position and we were happy to close a deal that provided value for both parties.”