973-299-3010
600 Parsippany Rd, Parsippany, NJ for Sale
Office - FOR SALE
1/50
null | Request Cap Rate

600 Parsippany Rd
Parsippany, NJ 07054


HIGHLIGHTS

  • Reliable income stream from diverse tenant base, including Truist Bank (NYSE: TFC) and Lumen Technologies (NYSE: LUMN).
  • Average in-place tenancy of 13+ years, with the four largest tenants (51% of RBA) in-place for 10+ years.
  • Prominent visibility with 500+ feet of frontage on I-287 and 600+ feet of frontage along Parsippany Road, enhancing exposure and accessibility.
  • Nearby major employers include Fortune 500 companies such as PBF Energy, Avis Budget Group, and Zoetis enhancing economic stability and tenant appeal.
  • Located in a market benefiting from noteworthy redevelopment activity converting offices to residential and mixed-use projects, boosting local demand.
  • Excellent connectivity with direct access to major highways, including Interstates 287, 80, 280, and Routes 10, 202, and 46.

FOR SALE DETAILS

PRICE

Request Info for Price

CAP RATE

Request Cap Rate

% LEASED

-

TENANCY

Multiple

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Class A Asset | Significant Business Corridor

PROPERTY TYPE

Office

TOTAL BUILDING SIZE

-

STORIES

3

BUILDING CLASS

A

YEAR BUILT

1977

SPRINKLERS

-

PARKING SPACES

312

LAND DETAILS

LAND ACRES

8.34 AC

LAND SF

363,290 SF

ZONING

SED-3A

APN/PARCEL ID

29-00738-0000-00001

ASK ABOUT THIS PROPERTY

Patrick NorrisColliersMore Info
973-299-3010

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Patrick NorrisColliersMore Info
973-299-3010

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