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Matthews Completes $5 Million Sale of New Jersey’s Largest Dental Condo
Matthews Completes $5 Million Sale of New Jersey’s Largest Dental Condo featured image

NEW YORK— Matthews™, a commercial real estate investment services and technology firm, facilitated the sale of Paradigm Oral Health, located at 81 Route 4, Suite 201, in Paramus, New Jersey. Matthews™ Vice President Seamus O’Brien, First Vice President & Associate Director Thor St. John, and Senior Vice President & Senior Directors Michael Moreno and Rahul Chhajed, represented the seller in the $5,050,000 transaction, which set a square-footage record for healthcare properties sold within the last two years in the Route 4/17 submarket.

 

The 9,914-square-foot fee-simple condominium is leased to Paradigm Oral Health, a dental service organization with more than 75 locations nationwide. The seller capitalized on favorable pricing and timing supported by a freshly executed lease that established a stabilized income profile. Matthews™ sourced the opportunity through direct outreach and executed a targeted marketing process, securing a sale to a repeat buyer who was attracted to the property’s durable in-place cash flow, long-term lease structure, and 2% annual rental increases.

 

Shortly after the property was brought to market, a New Jersey policy change shifted more than $200,000 in closing costs to the seller, introducing unexpected complexity during escrow. Matthews™ worked closely with both parties to evaluate scenarios and adjust the deal structure to preserve economics while meeting the buyer’s year-end timeline. The escrow closed in under 60 days and is believed to be the largest dental condominium sale completed in 2025.

 

“DSO-backed real estate continues to draw strong investor interest, especially when the lease structure offers long-term stability and built-in rent growth,” O’Brien said. “This asset was well-positioned, and the process ultimately reflected how competitive the market remains for quality healthcare opportunities.”

 

For more information, please contact Seamus O’Brien, Thor St. John, Michael Moreno, and Rahul Chhajed, or visit www.matthews.com.

 

About Matthews™

Matthews™, a commercial real estate investment services and technology firm, holds recognition as an industry leader in investment sales, leasing, and debt and structured finance. Based out of Nashville, TN, and strategically positioned with over 1,000 agents and employees in 25+ offices across the United States, Matthews™ continues to focus on expansion into new markets. For more information, please visit www.matthews.com.

 

PRESS CONTACT

Leanne Jenkins

(805) 807-3149

leanne.jenkins@matthews.com

Healthcare

Additional Authors

Thor St John photo

Thor St John

First Vice President & Associate Director

Michael Moreno photo

Michael Moreno

Executive Vice President & Senior Director

Rahul Chhajed photo

Rahul Chhajed

Executive Vice President & Senior Director

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