Log In/Sign Up
Your email has been sent.
Investment Property For Sale 629 Parsippany Rd 29,500 SF 100% Leased Office Building Parsippany, NJ 07054 $6,928,999 CAD ($234.88 CAD/SF) 7.92% Cap Rate
INVESTMENT HIGHLIGHTS
- Excellent Investor Opportunity with Solid 10 Year plus lease in place
- Handicapped Accessible with multiple entrances
- Ample Covered Parking with over 100 Parking spots
- Perfect for a 1031 x. Ready for a Quick Close
- Easy access to Rt. 287, 80, 24, Morristown,
EXECUTIVE SUMMARY
This offering presents a fully leased ±30,000 square foot office building situated on 2.1 acres in a highly visible, high-traffic location. The property benefits from long-term tenancy, with over 10 years remaining on the lease, providing stable and predictable income.
The building offers excellent regional accessibility, with convenient access to Routes 287, 80, and 24, making it an ideal location .An elevator services all floors, and the property features ample covered parking with over 100 spots, enhancing convenience for tenants and visitors.
Zoned B-2 (Business / Highway Development), the site supports a variety of commercial uses and benefits from prominent signage along a well-traveled corridor, ensuring strong visibility and branding opportunities.
This is perfect for a 1031. Please call for a tour.
This is a prime investment opportunity in a sought-after location, combining long-term income stability with exceptional access and exposure.
The building offers excellent regional accessibility, with convenient access to Routes 287, 80, and 24, making it an ideal location .An elevator services all floors, and the property features ample covered parking with over 100 spots, enhancing convenience for tenants and visitors.
Zoned B-2 (Business / Highway Development), the site supports a variety of commercial uses and benefits from prominent signage along a well-traveled corridor, ensuring strong visibility and branding opportunities.
This is perfect for a 1031. Please call for a tour.
This is a prime investment opportunity in a sought-after location, combining long-term income stability with exceptional access and exposure.
PROPERTY FACTS
Sale Type
Investment NNN
Sale Condition
1031 Exchange
Property Type
Building Size
29,500 SF
Building Class
B
Year Built
1986
Price
$6,928,999 CAD
Price Per SF
$234.88 CAD
Cap Rate
7.92%
NOI
$548,777 CAD
Percent Leased
100%
Tenancy
Multiple
Building Height
3 Stories
Typical Floor Size
14,500 SF
Building FAR
0.32
Lot Size
2.10 AC
Zoning
SED5,Parsippany-Troy - B 2 Zoning
Parking
101 Spaces (3.5 Spaces per 1,000 SF Leased)
AMENITIES
- 24 Hour Access
- Property Manager on Site
- Signage
- Wheelchair Accessible
- Reception
- Monument Signage
- Air Conditioning
1 1
PROPERTY TAXES
| Parcel Number | 29-00740-0000-00005 | Improvements Assessment | $1,255,000 CAD |
| Land Assessment | $1,740,753 CAD | Total Assessment | $2,995,753 CAD |
PROPERTY TAXES
Parcel Number
29-00740-0000-00005
Land Assessment
$1,740,753 CAD
Improvements Assessment
$1,255,000 CAD
Total Assessment
$2,995,753 CAD
1 of 3
VIDEOS
MATTERPORT 3D EXTERIOR
MATTERPORT 3D TOUR
PHOTOS
STREET VIEW
STREET
MAP
1 of 1
Presented by
Investment Property For Sale | 629 Parsippany Rd
Already a member? Log In
Hmm, there seems to have been an error sending your message. Please try again.
Thanks! Your message was sent.