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•Premier Class A office building with positive cash flow from credit tenants: Prudential (S&P: AA-), Siemens (S&P: AA-), and Ricoh (S&P: BBB).
•Features robust power capacity, 600KW backup generator, 1.52MW solar array, & raised floors, making it ideal for lab, R&D, or other specialized uses.
•Ownership has successfully appealed the Property tax bill. The 2025 tax assessment by approx. 42% and annual tax will decrease by approx. $605,400.
•State-of-the-art infrastructure includes enhanced floor loads, loading docks, an extensive camera & keycard network, and 24/7 staffed security.
•More than $5 million invested in recent upgrades, including a new lobby, full-service cafeteria, and a modern fitness center with yoga studio.
PROPERTY FACTS
Sale Condition
Auction Sale
Type of Ownership
Fee Simple
Property Type
Office
Building Size
389,288 SF
Building Class
A
LoopNet Rating
4 Star
Year Built/Renovated
1985/2017
Percent Leased
30%
Tenancy
Multiple
Building Height
4 Stories
Typical Floor Size
97,322 SF
Slab To Slab
13’
Building FAR
0.47
Lot Size
19.06 AC
Parcel Number
29-00175-0000-00055
Zoning
ROL, Parsippany-Troy - ROL Research, Office and Laboratory District
Parking
1,062 Spaces (2.73 Spaces per 1,000 SF Leased)
AMENITIES
24 Hour Access
Atrium
Controlled Access
Conferencing Facility
Convenience Store
Fireplace
Fitness Center
Food Court
Food Service
Pond
Property Manager on Site
Raised Floor
Security System
Skylights
Accent Lighting
Reception
Atrium
Central Heating
High Ceilings
Natural Light
Food Service
Reception
Recessed Lighting
Shower Facilities
Drop Ceiling
Wi-Fi
Outdoor Seating
Air Conditioning
Balcony
Smoke Detector
On-Site Security Staff
Listing ID: 32771953
Date on Market: 8/12/2024
Last Updated:
Address: 2 Gatehall Dr, Parsippany, NJ 07054
The Office Property at 2 Gatehall Dr, Parsippany, NJ 07054 is no longer being advertised on LoopNet.com. Contact the broker for information on availability.
