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RECENT RENOVATIONS | TO BE DELIVERED VACANT 199 Pomeroy Rd 85,200 SF Vacant Office Building Online Auction Sale Parsippany, NJ 07054
Matterport 3D Tours
INVESTMENT HIGHLIGHTS
- 85,200 square foot office building – delivered vacant.
- Prime visibility and access along Interstate 287 (132,000 VPD).
- Situated on approximately 5 acres of land.
- Newly renovated building with modern, turnkey spaces and renovations from 2020 to date of approximately $2.2M.
- Zoning is flexible; office, R&D, data center, warehousing, manufacturing are permitted as of right.
EXECUTIVE SUMMARY
Ideally positioned in the heart of Parsippany’s corporate corridor, 199 Pomeroy Road is a ±85,200-square-foot office building situated on approximately 5 acres, which will be delivered vacant upon sale. Ownership has completed a comprehensive renovation in 2025, upgrading the third floor and portions of the first floor with modern, high-end finishes and flexible layouts.
The property’s strategic location — just 1 mile from Interstate 80, Interstate 287, and US 46 — offers exceptional regional connectivity and immediate access to nearby amenities.
Parsippany continues to evolve as one of New Jersey’s most dynamic business hubs, with over 2.7 million square feet of office inventory converted to residential or industrial use since 2019, tightening supply and diversifying the local economy. Surrounded by major corporate neighbors such as Wyndham Hotels & Resorts and Teva Pharmaceuticals, 199 Pomeroy Road presents a unique opportunity for an owner/user or investor seeking a high-quality asset in a premier Northern New Jersey location.
Property tours are available on Wednesday 11/5. Please contact brittany.leventoff@colliers.com 845-807-9737 to schedule.
The property’s strategic location — just 1 mile from Interstate 80, Interstate 287, and US 46 — offers exceptional regional connectivity and immediate access to nearby amenities.
Parsippany continues to evolve as one of New Jersey’s most dynamic business hubs, with over 2.7 million square feet of office inventory converted to residential or industrial use since 2019, tightening supply and diversifying the local economy. Surrounded by major corporate neighbors such as Wyndham Hotels & Resorts and Teva Pharmaceuticals, 199 Pomeroy Road presents a unique opportunity for an owner/user or investor seeking a high-quality asset in a premier Northern New Jersey location.
Property tours are available on Wednesday 11/5. Please contact brittany.leventoff@colliers.com 845-807-9737 to schedule.
MATTERPORT 3D TOURS
3D Exterior
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DATA ROOM Click Here to Access
- 1) Financial Information
- 2) Property Information
- 3) Offering Memorandum
- 4) Purchase Agreement
- 5) Third Party Reports
- 6) Title and Insurance
MARKET ANALYTICS Click Here to Access
PROPERTY FACTS
Sale Type
Investment
Sale Condition
Auction Sale
Type of Ownership
Fee Simple
Property Type
Office
Building Size
85,200 SF
Building Class
B
Year Built/Renovated
1981/1998
Tenancy
Single
Building Height
3 Stories
Typical Floor Size
28,400 SF
Slab To Slab
12’5”
Building FAR
0.39
Lot Size
5.00 AC
Parcel Number
29-00737-0000-00003-1
Zoning
SED-5
Parking
312 Spaces (3.66 Spaces per 1,000 SF Leased)
AMENITIES
- 24 Hour Access
- Property Manager on Site
ABOUT PARSIPPANY
Parsippany is one of the larger office nodes in the Northern New Jersey area. And like much of Northern New Jersey, Parsippany is a hot spot for the pharmaceutical industry. Bayer's headquarters here dominates the landscape with the largest footprint of any tenant, while several additional pharmaceutical companies call the area home. Other major companies across a variety of industries, including GAF Materials, Wyndham Hotels & Resorts, and Avis Budget Group, are headquartered here as well.
Most of Parsippany's office inventory is clustered along highways, with major concentrations along I-287, I-80, and US-202. Many of the surrounding suburbs are among the most desirable in the country, while the immediate area is home to a bevy of retail, dining, and hospitality options.
DEMOGRAPHICS
Demographics
1 Mile
3 Mile
5 Mile
2024 Population
11,079
59,106
153,814
2020 Population
10,923
57,843
151,768
2029 Population
11,100
59,300
154,076
2024-2029 Projected Population Growth
0.2%
0.3%
0.2%
Daytime Employees
10,186
59,766
131,616
Total Businesses
882
4,357
11,402
Average Household Income
$135,270
$148,512
$150,397
Median Household Income
$97,990
$116,866
$121,304
Total Consumer Spending
$156.4M
$908M
$2.4B
Median Age
42.6
42.8
42.6
2024 Households
4,129
22,260
58,172
Percent College Degree or Above
31%
33%
31%
Average Home Value
$560,046
$594,533
$602,948
$ values in USD
SALE ADVISORS
SALE ADVISORS
Jacklene Chesler, Vice Chair
Jacklene serves as Vice Chair and provides Investment Sales & Advisory expertise to institutional and private investors. She focuses on all major product types including Office, Industrial, Retail, Residential/Mixed Use and Land. She has vast experience in working with Special Servicers (Loan and REO teams), Asset Mangers and other Fidicuciary Agents on CMBS and balance sheet properties, and other type of distressed assets. She is also very active with marketing and selling properties via online auctions, most notable Tenx.com.
Jacklene joined the firm in 2013. Prior to Colliers, she was a Director for the NKF Capital Markets Tri-State Team from 2008 to 2013. She has been a top 10% producer for Colliers from 2014 to current year and recognized for this achievement by being part of the prestigious Everest Club.
Jacklene joined the firm in 2013. Prior to Colliers, she was a Director for the NKF Capital Markets Tri-State Team from 2008 to 2013. She has been a top 10% producer for Colliers from 2014 to current year and recognized for this achievement by being part of the prestigious Everest Club.
Patrick Norris, Vice President
Patrick Norris, Vice President, has been part of the commercial real estate industry since 2016. He specializes in institutional, as well as private investor sale transactions throughout New Jersey and the surrounding tri-state metropolitan region. In addition to executing highly competitive traditional marketing campaigns, Patrick is an expert at selling properties via online auction platforms including Ten-X Commercial.
Patrick has been involved in the marketing and sale of office, retail, industrial and multi-family assets. He was recognized by Real Estate Weekly as a “2018 Rising Star of Real Estate”. Patrick was named to the Mid Atlantic Real Estate Journal’s 2022 “30 Under 30”. Also he received the Platinum Broker Award by Crexi.
Patrick is a member of National Association of Industrial and Office Professionals (NAIOP) Developing Leaders, Industrial and Office Real Estate Brokers Association (IOREBA) Next Gen and International Council of Shopping Centers (ICSC).
Patrick has been involved in the marketing and sale of office, retail, industrial and multi-family assets. He was recognized by Real Estate Weekly as a “2018 Rising Star of Real Estate”. Patrick was named to the Mid Atlantic Real Estate Journal’s 2022 “30 Under 30”. Also he received the Platinum Broker Award by Crexi.
Patrick is a member of National Association of Industrial and Office Professionals (NAIOP) Developing Leaders, Industrial and Office Real Estate Brokers Association (IOREBA) Next Gen and International Council of Shopping Centers (ICSC).
ABOUT THE AUCTION TECHNOLOGY
Auctions by Ten-X are the #1 transaction technology powering commercial real estate transactions online. With over $34B in total transactions, these auctions use best-in-class technology and real-time asset intelligence to put listings in the best position to find the perfect buyer. The expedited auction timeline, comprehensive due diligence, and buyer qualification make transactions twice as fast and twice as certain for brokers, owners, and investors.
Read More
AUCTION CONTACT
Pace Zambito
Contact
Auctioneer License:
Ten-X Commercial, LLC Arlene Richardson RE Brkr 2187404
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VIDEOS
MATTERPORT 3D EXTERIOR
MATTERPORT 3D TOUR
PHOTOS
STREET VIEW
STREET
MAP
3% Transaction Fee
Based on Winning Bid Amount
Minimum Transaction Fee
$20,000 USD
Maximum Transaction Fee
$300,000 USD
Example Calculation
Winning Bid Amount
$5,000,000 USD
Transaction Fee
$150,000 USD (3%)
Total Purchase Price
$5,150,000 USD
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RECENT RENOVATIONS | TO BE DELIVERED VACANT | 199 Pomeroy Rd
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RECENT RENOVATIONS | TO BE DELIVERED VACANT | 199 Pomeroy Rd
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