Office For Sale • 75,049 SF
| Strong Lease Profile: Average remaining lease term exceeds 5 years, with options for renewal extensions, ensuring long-term income stability |
| Attractive Yields & Tenant Retention: The property benefits from long-standing tenancies and strong in-place cash flow, delivering compelling returns |
| Tightening Submarket Supply: Suburban office supply in the Parsippany submarket continues to compress, supporting rent growth and occupancy stability. |
| Exceptional Accessibility: Located less than one mile from the crossroads of Interstates 80 and 287, as well as Routes 46 and 202, providing superior |
| Corporate Ecosystem: Surrounded by a strong corporate presence, including Fortune 500 and multinational companies |
| Robust Demographics: Total population within a 30-minute drive exceeds 1.7 million residents, offering access to a deep and educated labor pool |
| Commuter Rail | Drive | Walk | Distance |
|---|---|---|---|
| Mountain Lakes (Montclair-Boonton Line - NJ Transit Commuter Rail (NJ Transit)) | 7 min | - | 2.6 mi |
| Boonton (Montclair-Boonton Line - NJ Transit Commuter Rail (NJ Transit)) | 7 min | - | 3.6 mi |
| Airport | Drive | Walk | Distance |
| Newark Liberty International | 33 min | - | 24.9 mi |
| LaGuardia | 54 min | - | 40.3 mi |
| Parking Available: | Yes |
| Reserved: | No |
| Spaces Provided: | 280 |
| Type: | Surface |
| Included in Rent: | Yes |