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REO Class A NJ Office Bldg 120 Mountainview Blvd 137,700 SF 4% Leased Office Building Online Auction Sale Basking Ridge, NJ 07920
Investment Highlights
- Value-Add or Owner-User Opportunity.
- Rectangular floor plates ideal for single or multi-tenant layouts.
- High-quality amenities including a full-service cafeteria, high-end lobby and atrium, outdoor seating, and a bocce court.
- Turnkey Condition.
- Strong 3.7/1,000 RSF parking ratio across covered and uncovered spaces.
- Liberal zoning permits a wide range of uses including medical, data center, R&D and more.
Executive Summary
Currently ±4% leased to a single short-term tenant, the asset provides a rare opportunity for an owner-occupier or investor seeking a large, high-quality building in a premier Somerset County location. Two separate entrances and exits provide strong accessibility and allow for flexible future use, whether for a single tenant or multiple tenant use.
The surrounding area features a robust mix of retail, dining, lifestyle, and hospitality amenities that serve both corporate users and employees. Somerset County ranks among the wealthiest counties in the nation, with the median household income within a 5-mile radius sitting 75% above the New Jersey average. The region is also home to leading pharmaceutical and biotechnology companies including Regeneron, DBV Technologies, Johnson & Johnson, Amarin Pharma, and Syneos Health. Additionally, three major medical centers—Memorial Sloan Kettering, Robert Wood Johnson University Hospital, and the Lyons VA Medical Center—are located just minutes away.
Tours are available by appointment. Please email Brittany.Leventoff@colliers.com to schedule.
Offering Memorandum Click Here to Access
Data Room Click Here to Access
- 1. Offering Memorandum
- 2. Financials
- 3. Property Information
- 4. Condo Documents
- 6. Purchase Agreement
- 7. Title Report
Market Analytics Click Here to Access
Property Facts
Amenities
- Banking
- Food Service
- Restaurant
- Accent Lighting
- Reception
- Recessed Lighting
- Drop Ceiling
- Air Conditioning
Space Availability
- Space
- Size
- Space Use
- Condition
- Available
Full-service cafe High-End lobby and atrium Great Access to Routes 78 & 287 Outdoor seating and bocce ball court
Full-service cafe High-End lobby and atrium Great Access to Routes 78 & 287 Outdoor seating and bocce ball court
Full-service cafe High-End lobby and atrium Great Access to Routes 78 & 287 Outdoor seating and bocce ball court
Full-service cafe High-End lobby and atrium Great Access to Routes 78 & 287 Outdoor seating and bocce ball court
| Space | Size | Space Use | Condition | Available |
| 1st Floor | 31,035 SF | Office | Full Build-Out | 30 Days |
| 2nd Floor | 16,852 SF | Office | Full Build-Out | 30 Days |
| 3rd Floor | 37,136 SF | Office | Full Build-Out | 30 Days |
| 4th Floor | 36,835 SF | Office | Full Build-Out | 30 Days |
1st Floor
| Size |
| 31,035 SF |
| Space Use |
| Office |
| Condition |
| Full Build-Out |
| Available |
| 30 Days |
2nd Floor
| Size |
| 16,852 SF |
| Space Use |
| Office |
| Condition |
| Full Build-Out |
| Available |
| 30 Days |
3rd Floor
| Size |
| 37,136 SF |
| Space Use |
| Office |
| Condition |
| Full Build-Out |
| Available |
| 30 Days |
4th Floor
| Size |
| 36,835 SF |
| Space Use |
| Office |
| Condition |
| Full Build-Out |
| Available |
| 30 Days |
1st Floor
| Size | 31,035 SF |
| Space Use | Office |
| Condition | Full Build-Out |
| Available | 30 Days |
Full-service cafe High-End lobby and atrium Great Access to Routes 78 & 287 Outdoor seating and bocce ball court
2nd Floor
| Size | 16,852 SF |
| Space Use | Office |
| Condition | Full Build-Out |
| Available | 30 Days |
Full-service cafe High-End lobby and atrium Great Access to Routes 78 & 287 Outdoor seating and bocce ball court
3rd Floor
| Size | 37,136 SF |
| Space Use | Office |
| Condition | Full Build-Out |
| Available | 30 Days |
Full-service cafe High-End lobby and atrium Great Access to Routes 78 & 287 Outdoor seating and bocce ball court
4th Floor
| Size | 36,835 SF |
| Space Use | Office |
| Condition | Full Build-Out |
| Available | 30 Days |
Full-service cafe High-End lobby and atrium Great Access to Routes 78 & 287 Outdoor seating and bocce ball court
About Route 78 East
Route 78 East offers a dynamic office market surrounded by many of New Jersey’s highest-income communities. The area provides tenants with access to the region’s high-quality and well-educated labor pool, without the added expense of a Manhattan address.
Properties located here offer easy transit access to New York City, northern New Jersey, and Philadelphia. Office properties here offer employees convenient transit options along highway and rail. Interstate 78 runs east/west, while Interstate 287 runs north/south. Several stops of the Gladstone Branch of NJ Transit are also in the area.
Large tenants in the area are concentrated in the communications, pharmaceuticals, and medical industries. AT&T Communications is headquartered in Bedminster, while Verizon has a sizable presence in Basking Ridge.
Demographics
Demographics
Sale Advisors
Sale Advisors
Jacklene Chesler, Vice Chair
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 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).
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REO Class A NJ Office Bldg | 120 Mountainview Blvd
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