Horizon Equities announced that it has acquired Jackson Health Village, a state-of-the-art medical office building totaling 150,000 square feet in Jackson, Ocean County, N.J., for $24 million.
JLL worked on behalf of the seller and procured the buyer.
Jackson Health Village is a healthcare facility situated on an 11.26-acre property along S. Cooks Bridge Road. The three-story building boasts 609 parking spaces, accommodating the needs of patients and staff alike. With a current occupancy rate of 64 percent, the state-of-the-art medical village was constructed in 2014 and has a diverse tenant base of medical practices. The building is currently 64 percent leased, and the vacancies range from 2,600 to 33,000 square feet, the largest of which was formerly a full-service fitness center with a pool.
Located minutes from Lakewood, the property is situated five minutes south of Interstate 195, 16 minutes west of the Garden State Parkway and nine minutes west of Route 9
