Morris Plains Business Park
Market Price
60 East Hanover Avenue, Morris Plains, NJ 07950
696,363
NOI
46,042 sqft
Building Size
Details:
Highlights:
- THREE BUILDING INDUSTRIAL PARK LOCATED IN THE HEART OF MORRIS COUNTY
- SPACES THAT RANGE BETWEEN 3200-7500SF. 46,000SF TOTAL
- 100% OCCUPIED WITH 9 TENANTS
- ADDITIONAL INCOME DERIVED FROM SEVERAL TENANTS WHO RENT PARKING LOT SPACES
- A TOTAL OF 11 DOCKS OR DRIVE-IN DOORS AT THE COMPLEX
- 18" CLEAR CEILING
- CONVENIENTLY LOCATED OFF OF ROUTE 287, PROVIDING ACCESS TO ROUTES 80, 46, 24 AND 10 WITHIN MINUTES.
Description:
The Morris Plains Business Park is a three building, 46,000sf
industrial park located in the heart of Morris County, New
Jersey.
Built in 1986, this property sits on approximately 4.5
acres and houses 9 tenants in spaces that range between 3200-
7500sf. Additional income is derived from several tenants that
utilize a portion of the adjacent lot (long term lease from NJT)
to park their vehicles.
There are a total of 11 docks or drive-in doors at the complex:
Building A( 2 drive-in), Building B ( 2 drive-in, 4 loading
docks), Building C (3 loading docks)
Tenants reimburse for expenses-Landlord responsible for roof
and structure.
The Morris Plains Business Park is conveniently located off of
route 287, providing access to routes 80, 46, 24 and 10 within
minutes.
Documents:
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60_E_Hanover_EXEC_SUMMARY_unpriced.pdf
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Location
Gallery
