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1201 Mount Kemble Ave
Morristown, NJ 07960

Jockey Hollow Medical Building · Office Property For Sale

Investment Highlights

  • 100% Occupied Medical Building in Morristown, Morris County, New Jersey
  • Highly Desirable Medical Space Near Top Tier Medical Hub of New Jersey, Morristown Medical Center – #1 Rated Hospital in New Jersey 
  • Tenants Operating on Modified Gross Leases – Expense Reimbursements Over Base Year

PROPERTY FACTS

Sale Type
Investment
Property Type
Office
Property Subtype
Medical
Building Size
13,725 SF
Building Class
B
Year Built
1981
Price
£2,236,185
Price Per SF
£163
Net Initial Yield
7.25%
NOI
£162,148
Percent Leased
100%
Tenancy
Multiple
Number of Floors
2
Typical Floor Size
6,863 SF
Building FAR
0.13
Lot Size
2.50 AC
Zoning
B-2, Harding Twp - Permitted uses are Medical and Professional Office
Parking
75 Spaces (5.46 Spaces per 1,000 SF Leased)
 

  • Listing ID: 33001188

  • Date on Market: 29/08/2024

  • Last Updated:

  • Address: 1201 Mount Kemble Ave, Morristown, NJ 07960

The Office Property at 1201 Mount Kemble Ave, Morristown, NJ 07960 is currently available for sale. Contact Marcus & Millichap for more information.

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