Log In/Sign Up
Your email has been sent.
5 Century Dr 81,579 SF Office Building Parsippany, NJ 07054 For Sale
Investment Highlights
- Prime office campus location with modernized common areas
- Flexible floor plates ideal for multiple configurations
- Exceptional connectivity to major highways and transit
- Strong in-place income with long-term tenant commitment
- Access to café, lounge, conference center, and fitness amenities
Executive Summary
Positioned within a prestigious three-building office campus, 5 Century Drive offers an exceptional owner/user or redevelopment opportunity in the heart of Parsippany’s thriving business corridor. This 80,250-square-foot, three-story office building sits on a generous 5.81-acre site and features expansive 27,000-square-foot floor plates, providing flexibility for a variety of configurations. Recently renovated common areas deliver a modern, professional environment complemented by access to premium amenities, including a full-service café, executive lounge, conference center, and fitness facility within the campus.
The property is currently 74% leased, anchored by a major tenant occupying over 53,000 square feet through 2028, ensuring immediate income stability. With 20,000+ square feet available, investors can capitalize on upside potential while exploring alternative-use redevelopment strategies. Strategically located near Routes 10 and 202 and minutes from I-287, Route 24, and I-80, the site offers seamless connectivity to regional hubs and is just five miles from Morristown Train Station. Surrounding conveniences include hotels, retail, dining, and fitness centers, making this an attractive destination for businesses and future development.
The property is currently 74% leased, anchored by a major tenant occupying over 53,000 square feet through 2028, ensuring immediate income stability. With 20,000+ square feet available, investors can capitalize on upside potential while exploring alternative-use redevelopment strategies. Strategically located near Routes 10 and 202 and minutes from I-287, Route 24, and I-80, the site offers seamless connectivity to regional hubs and is just five miles from Morristown Train Station. Surrounding conveniences include hotels, retail, dining, and fitness centers, making this an attractive destination for businesses and future development.
Property Facts
Sale Type
Owner User
Sale Conditions
Property Type
Building Size
81,579 SF
Building Class
B
Year Built/Renovated
1979/2023
Tenancy
Multiple
Building Height
3 Stories
Typical Floor Size
27,148 SF
Slab To Slab
10’
Building FAR
0.32
Lot Size
5.81 AC
Zoning
ROL - Commercial
Parking
450 Spaces (5.64 Spaces per 1,000 SF Leased)
Amenities
- Food Service
- Property Manager on Site
Space Availability
- Space
- Size
- Space Use
- Condition
- Available
This prime location offers everything you need for a productive and professional environment. Nestled in the heart of Parsippany’s thriving business district, with easy access to major highways like I-287, I-80, and Route 46 .On-site parking ensures convenience for employees, and visiting clients.
| Space | Size | Space Use | Condition | Available |
| 3rd Fl-Ste 350 | 5,000-20,280 SF | Office | Full Build-Out | Now |
3rd Fl-Ste 350
| Size |
| 5,000-20,280 SF |
| Space Use |
| Office |
| Condition |
| Full Build-Out |
| Available |
| Now |
1 of 13
Videos
Matterport 3D Exterior
Matterport 3D Tour
Photos
Street View
Street
Map
3rd Fl-Ste 350
| Size | 5,000-20,280 SF |
| Space Use | Office |
| Condition | Full Build-Out |
| Available | Now |
This prime location offers everything you need for a productive and professional environment. Nestled in the heart of Parsippany’s thriving business district, with easy access to major highways like I-287, I-80, and Route 46 .On-site parking ensures convenience for employees, and visiting clients.
1 1
Property Taxes
| Parcel Number | 29-00202-0000-00001-6 | Improvements Assessment | $2,569,900 |
| Land Assessment | $2,646,000 | Total Assessment | $5,215,900 |
Property Taxes
Parcel Number
29-00202-0000-00001-6
Land Assessment
$2,646,000
Improvements Assessment
$2,569,900
Total Assessment
$5,215,900
1 of 7
Videos
Matterport 3D Exterior
Matterport 3D Tour
Photos
Street View
Street
Map
1 of 1
Presented by
5 Century Dr
Already a member? Log In
Hmm, there seems to have been an error sending your message. Please try again.
Thanks! Your message was sent.
Your message has been sent!
Activate your LoopNet account now to track properties, get real-time alerts, save time on future inquiries, and more.