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1500 Littleton Road - Availability Details

Off-Market

1500 Littleton Road, Morris Plains, NJ 07950

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  • Property Type Office - General Office
  • Property Size 191,774 Sqft
  • Lot Size 25.95 Acre
  • Parking Spaces Avail. 364
  • Parking Ratio 1.90/ 1,000 SF
  • Property Tenancy Vacant
  • Building Class B
  • Year Built 1961

Location

  • City Morris Plains, NJ
  • Neighborhood Parsippany-Troy Hills
  • Zip Code 07950
  • 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 18 Oct, 2017
  • Purchase Price $8,500,000
  • Arm's Length
  • Buyer Name

Market Trends

Average Actual Rents in Morris Plains

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 Morris Plains Office Market

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

  • 2020 Avg. Asking Rent $25.69
  • 2020 Office Vacancy Rate 43.11 %
  • 2020 Office Completions (Sqft)
View more Morris Plains market trends

Tax

  • Property Tax in 2021 $457,578
  • Market Value $15,101,600
  • Assessed Value $15,101,600

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