470 Prospect Ave
West Orange, NJ 07052
Office Property For Sale

Marcus & Millichap is pleased to exclusively list for sale an approximately 13,600 SF multi-tenant professional office building (Falcap Building) located in West Orange, (Essex County) New Jersey. Located on 0.83 Acres with approximately 45 parking spaces, the Falcap building has historically been fully occupied with many tenants being in that same location for numerous years. The building is currently 100 % occupied. West Orange is a suburban township located in Essex County, NJ. West Orange is located 14 miles North West of New York City. The subject property is approximately 27 miles northwest of New York City. West Orange borders the communities of Essex Fells, Livingston, Millburn, Maplewood, Montclair, Orange, Roseland, Verona, and South Orange. West Orange is also home to Essex Green Shopping Center which is an outdoor mall encompassing retail stores, restaurants, and a movie theatre. It is also surrounded by two large parks; South Mountain Reservation and Eagle Rock Reservation. The major roads that pass through or near West Orange are Route 280, Route 24, Route 80, and the Garden State Parkway. West Orange provides public transportation to Newark and Port Authority Bus Terminal in New York Within a 5-mile radius of West Orange, the median household income is $58,725 among the 558,326 individuals who resides within a 5-mile radius of the subject property. The asking price of $ 2,615,000 represents a 7.88% cap rate on current income.