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- LoopNet Team
155 Prospect Ave
West Orange, NJ 07052
Woodland Plaza · Office Property For Sale
PROPERTY FACTS
AMENITIES
- Property Manager on Site
- Security System
- Signage
- Air Conditioning
ABOUT 155 PROSPECT AVE , WEST ORANGE, NJ 07052
Marcus & Millichap has been selected to exclusively market for sale 155 Prospect Avenue, a three-story, 34,765-SF Class-B office building in West Orange, New Jersey. The property is currently 100% occupied with 12 strong diverse tenants with offices that range from 500-13,000 square feet. Built in 1984, the building has had recent new tenant buildouts and renovations to common areas, bathrooms, parking lot, roof, and HVAC systems. The property has direct access to Interstates 280/287, Route 10, The Garden State Parkway, and Interstate I—95. Additionally, the property is located approximately 3 miles from Walnut Street and Bay Street Train Stations (Montclair-Boonton Line) with routes into Manhattan. Located 12 miles from Newark Liberty Airport and 16 miles from Manhattan. West Orange is home to many local and national retailers, over 220 restaurants, and multiple parks, country clubs and family oriented activities for residents. West Orange is a flourishing suburban community with a population around 50,000. The accessibility and density of population continually drive office demand in the neighborhood, which is currently averaging market rents of $25.50 per square foot.
PROPERTY TAXES
| Parcel Number | 22-00152-02-00132 | Improvements Assessment | $3,770,900 |
| Land Assessment | $2,509,100 | Total Assessment | $6,280,000 |
PROPERTY TAXES
