Adult Daycare Center Fuels Commercial Property Sale in Leonia for $15 Million

Before launching next year, a 67,000-square-foot asset in Bergen County was entirely leased to a new adult daycare operator, attracting new investment. Leonia’s 2 Christie Heights Street property is listed for $15 million.

The deal involves Lily Life’s new facility, which will fill the entire building. Listing agents say Lily Life is fully reserved and has a waiting list, indicating strong demand for high-quality adult care. The broker team stated that the investment mark-up includes $2.5 million in interior renovations that provide a premium finish customized to the local neighborhood.

This bargain stands out for location and tenant profile. Just a few miles from the George Washington Bridge, the site is convenient to Fort Lee and Palisades Park, highly populated Bergen County communities. Brokers say a long-term commitment from a single operator and limited fresh competition for similar-scale adult-care enterprises in the region offer a rare investment opportunity with immediate cash flow.

A large commercial real-estate consultancy firm is listing the building for acquisition on behalf of the seller. The property is being marketed as a stabilized, newly remodeled asset anchored by a care-focused tenant in a suburban market with rising demand for adult-day services. The buyer is unknown.

This deal shows how converted office-type assets are being used for non-traditional uses like adult daycare, especially in suburban markets with aging populations and community-specific demand. The tenant has committed and reserved capacity before opening, which helps investors seeking alternate commercial-real-estate bets.

The Leonia property combines adaptive reuse of commercial space, community-driven need for adult-daycare, and investor interest for stabilized income assets in attractive mid-market suburban locations. The listing will certainly draw attention to the lease arrangement, tenant tenure, and facility performance after opening early next year.

Sources
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