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Wexler Healthcare & Commercial Properties 7/13/25 Wexler Healthcare & Commercial Properties 7/13/25

Riverview East - 148 East Ave, 9-Unit Investment

Riverview East
Norwalk Investment Opportunity

100% Leased 9-Unit Medical Office Investment Opportunity

Wexler Healthcare Properties is pleased to present an exceptional investment opportunity featuring a strategically located medical office property in Norwalk, Connecticut, situated less than 2 miles from Norwalk Hospital. This asset is anchored by a major hospital system with an investment-grade credit rating, providing for long-term stability.

The property encompasses approximately 21,393 rentable square feet across nine condominium units combined into four separate offices which house radiology, cardiology and urogynocology practices. The suites are thoughtfully designed with numerous well-equipped exam rooms, consultation offices, and spacious waiting and reception areas.

Key features include:

New imaging center
100% occupied by credit tenant
Parking Ratio: 4.5/1,000
Renovated lobby
Close to other medical buildings
Total building is approximately 120,000 RSF
Close proximity to I-95 and Route 7
Drop-off and pick-up area for patients
Less than 1-mile from East Norwalk Train Station
Attended lobby during business hours

This secure investment is further strengthened by recently signed, long-term leases for the majority of the space, providing a reliable, passive income stream.

TENANT OVERVIEW

Major Health System
A non-profit, independent health system serving portions of Connecticut
Physician-led, multi-specialty medical group with more than 40 offices offering primary and specialty care
BBB+ long-term credit rating from S&P Global Ratings
Recognitions
High-Performing Hospital from U.S. News & World Report
“A” for patient safety from the Leapfrog Group
Magnet Status from the American Nurses Credentialing Center
Planetree Gold-Certification for Excellence in Person-Centered Care
Certified Great Place to Work