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Cedar Knolls Corporate Center 240 Cedar Knolls Rd

117,492 SF 91% Leased Office Building Cedar Knolls, NJ 07927 For Sale

Investment Highlights

  • 91% Leased by 21 Tenants
  • In-place Rents are 27% Below Market
  • Class B Rental Rate with Class A Amenity Package
  • Opportunity to Increase Medical Tenancy

Executive Summary

Cedar Knolls Corporate Center is a unique core plus acquisition opportunity two miles from downtown Morristown.

Property Facts

Sale Type
Investment
Property Type
Office
Building Size
117,492 SF
Building Class
B
Year Built
1980
Percent Leased
91%
Tenancy
Multiple
Number of Floors
4
Typical Floor Size
29,373 SF
Slab to Slab
12 ft
Building FAR
0.19
Lot Size
14.06 AC
Zoning
OBRL - Office Building Research Laboratory
Parking
446 Spaces (3.8 Spaces per 1,000 SF Leased)

Amenities

  • Controlled Access
  • Conferencing Facility
  • Fitness Centre
  • Food Service
  • Property Manager on Site
  • Security System

Space Availability

  • Space
  • Size
  • Space Use
  • Condition
  • Available
  • 1st Fl-Ste 101
  • 1,626 SF
  • Office
  • Full Build-Out
  • Now

PLUG AND PLAY! MOVE IN READY & NEWLY RENOVATED! LVT faux hardwood entrance, new carpeting throughout. Desirable lower level suite. 4 private WINDOWED offices, conference room, eat in kitchen, LED lighting.

  • 2nd Floor
  • 997 SF
  • Office
  • -
  • 30 Days
  • 2nd Fl-Ste 206
  • 1,187 SF
  • Office
  • Full Build-Out
  • Now

NEW TO MARKET. CORNER UNIT W LOTS OF WINDOW. PRIVATE OFFICE, OPEN BULLPEN w KITCHENETTE

  • 3rd Fl-Ste 300
  • 7,034 SF
  • Office
  • Full Build-Out
  • 30 Days
Space Size Space Use Condition Available
1st Fl-Ste 101 1,626 SF Office Full Build-Out Now
2nd Floor 997 SF Office - 30 Days
2nd Fl-Ste 206 1,187 SF Office Full Build-Out Now
3rd Fl-Ste 300 7,034 SF Office Full Build-Out 30 Days

1st Fl-Ste 101

Size
1,626 SF
Space Use
Office
Condition
Full Build-Out
Available
Now

2nd Floor

Size
997 SF
Space Use
Office
Condition
-
Available
30 Days

2nd Fl-Ste 206

Size
1,187 SF
Space Use
Office
Condition
Full Build-Out
Available
Now

3rd Fl-Ste 300

Size
7,034 SF
Space Use
Office
Condition
Full Build-Out
Available
30 Days

1st Fl-Ste 101

Size 1,626 SF
Space Use Office
Condition Full Build-Out
Available Now

PLUG AND PLAY! MOVE IN READY & NEWLY RENOVATED! LVT faux hardwood entrance, new carpeting throughout. Desirable lower level suite. 4 private WINDOWED offices, conference room, eat in kitchen, LED lighting.

2nd Fl-Ste 206

Size 1,187 SF
Space Use Office
Condition Full Build-Out
Available Now

NEW TO MARKET. CORNER UNIT W LOTS OF WINDOW. PRIVATE OFFICE, OPEN BULLPEN w KITCHENETTE

PROPERTY TAXES

PROPERTY TAXES

Parcel Numbers
Multiple
  • 12-02402-0000-00003
  • 12-02402-0000-00002
Land Assessment
£3,612,572
Improvements Assessment
£3,429,478
Total Assessment
£7,042,050
  • Listing ID: 34091950

  • Date on Market: 05/12/2024

  • Last Updated:

  • Address: 240 Cedar Knolls Rd, Cedar Knolls, NJ 07927

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