600 Parsippany Rd | Parsippany, NJ 07054
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- LoopNet Team
600 Parsippany Rd
Parsippany, NJ 07054
Class A Asset | Significant Business Corridor · Office Property For Sale
INVESTMENT HIGHLIGHTS
- NEW POSTIVIE UPDATE—approximately $76,000 reduction in real estate taxes - see DD vault for details
- Prominent visibility with 500+ feet of frontage on I-287 and 600+ feet of frontage along Parsippany Road, enhancing exposure and accessibility.
- Located in a market benefiting from noteworthy redevelopment activity converting offices to residential and mixed-use projects, boosting local demand.
- Average in-place tenancy of 13+ years, with the four largest tenants (51% of RBA) in-place for 10+ years.
- Nearby major employers include Fortune 500 companies such as PBF Energy, Avis Budget Group, and Zoetis enhancing economic stability and tenant appeal.
- Excellent connectivity with direct access to major highways, including Interstates 287, 80, 280, and Routes 10, 202, and 46.
PROPERTY FACTS
Sale Condition
Auction Sale
Type of Ownership
Fee Simple
Property Type
Office
Building Size
100,035 SF
Building Class
B
Year Built
1977
Percent Leased
69%
Tenancy
Multiple
Building Height
3 Stories
Typical Floor Size
33,345 SF
Slab To Slab
10’
Building FAR
0.28
Lot Size
8.34 AC
Parcel Number
29-00738-0000-00001
Zoning
SD3A - Specialized Economic Development
Parking
312 Spaces (3.12 Spaces per 1,000 SF Leased)
AMENITIES
- Food Service
- Property Manager on Site
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