Cushman & Wakefield has been retained to market the sale of a premier, fully leased real estate asset at 2 Christie Heights Street in Leonia. The 67,000-square-foot, state-of-the-art facility, which is entirely leased to the Lily Life Adult Daycare Facility, is being offered with an asking price of $15,000,000.
The property presents a significant opportunity for investors, offering a brand-new tenant with secure, long-term income potential in a highly sought-after location.
High demand signals strong investment
The adult daycare facility, Lily Life, is scheduled to become fully operational by the first quarter of 2026. Despite its upcoming opening, the facility is already fully subscribed and boasts a substantial waiting list, underscoring the acute demand for high-quality adult daycare services in the Bergen County area, particularly for the predominantly Korean community it serves.
The tenant has made a significant commitment to the property, investing approximately $2,500,000 in premium interior finishes to create a best-in-class environment.
“This is a rare opportunity to acquire a newly renovated, financeable asset with secure, long-term income in a premier infill location,” Andrew Schwartz, who is leading the Cushman & Wakefield team on the sale, said. The team also includes David Bernhaut, Jordan Sobel, Andre Balthazard and Dan Bottiglieri.
Schwartz emphasized the tenant’s success as a key value driver: “The adult daycare facility’s immediate full capacity demonstrates the tenant’s deep community roots and the critical need for this type of service in Bergen County. Its strategic location also makes it an exceptionally attractive investment.”
Strategic location with high barriers to entry
The asset benefits from a strategic location just 2.5 miles from the George Washington Bridge, offering outstanding connectivity to New York City and major Bergen County population centers, including Fort Lee and Palisades Park.
The Leonia area is noted for having significant barriers to entry for comparable large-scale adult daycare operations, a factor that further enhances the property’s value and long-term stability for an investor.
