Nutley Medical Office Sale
APRIL 1, 2021
By Joshua Burd RE-NJ.com
Heart, vascular practice acquires Nutley medical office building
A physician is expanding its practice with the purchase of a 3,050-square-foot medical office building in Nutley, in a newly announced deal by Midtown Commercial Realty.
The brokerage firm this week said it represented both parties in the sale of 591 Franklin Ave., noting that the space is home to three different medical practices. The buyer, who specializes in heart and vascular care, paid $1.125 million for the building.
“We were able to successfully market and secure a strong offer on this property even during the tough COVID market,” said Cheryl Darmanin, a managing director with Midtown Commercial. “This enabled the seller to retire and the buyer to expand his medical practice in the Nutley area.”
Occupants at the building include dental, podiatry and cardiology practices.