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750 Walnut Avenue - Availability Details

Off-Market

750 Walnut Avenue, Cranford, NJ 07016

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  • Property Type Office - General Office
  • Property Size 276,728 Sqft
  • Lot Size 30.5 Acre
  • Parking Spaces Avail. 1574
  • Parking Ratio 5.69/ 1,000 SF
  • Property Tenancy Vacant
  • Building Class B
  • Year Built 1947

Location

  • City Cranford, NJ
  • Zip Code 07016
  • Market New Jersey

Contacts

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Owner

  • True Owner
  • Registered Owner

Brokers

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Documents

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Sales

  • Purchase Date 03 Oct, 1988
  • Purchase Price $16,300,000
  • Arm's Length
  • Buyer Name

Market Trends

Average Actual Rents in Cranford

Average rents use actual signed leases, aggregated for your specific search area and asset type with Yardi Market Insight. Be confident your price is competitive, with CommercialEdge.

Current Average Rent
Net Rent
$44.3/SF/YR
Recoverables Show detailsHide details
$16.7/SF/YR
CAM
$3.54/SF/YR
Insurance
$0.59/SF/YR
Taxes
$9.52/SF/YR
Utilities
$1.76/SF/YR
Management Fees
$1.3/SF/YR
Total Rent
$61/SF/YR
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Occupancy & Leasing Activity
Occupancy
83.5%
Lease Spread
-20.5%
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Asking Rents in Cranford Office Market

Office rental rates are based on aggregated data of asking rates.

  • 2020 Avg. Asking Rent $29.00
  • 2020 Office Vacancy Rate 42.68 %
  • 2020 Office Completions (Sqft)
View more Cranford market trends

Tax

  • Property Tax in 2021 $2,333,630
  • Market Value $35,562,800
  • Assessed Value $35,562,800

Find more tax info, including assessment history and abatements, on CommercialEdge