• 10 North Park Place
  • 10 North Park Place
  • 10 North Park Place
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10 North Park Place - Availability Details

Off-Market

10 North Park Place, Morristown, NJ 07960

This property is off-market. Unlock in-depth property data and market insights by signing up to CommercialEdge.

  • Property Type Office - General Office
  • Property Size 95,000 Sqft
  • Lot Size 0.55 Acre
  • Parking Spaces Avail. 30
  • Parking Ratio 0.32/ 1,000 SF
  • Property Tenancy Multi-Tenant
  • Building Class B
  • Year Built 1930

Location

  • City Morristown, NJ
  • Neighborhood Morristown
  • Zip Code 07960
  • Market New Jersey

Contacts

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Owner

  • True Owner
  • Registered Owner

Tenants

Suite Name Tenant Leased
Space		 Rent Price Lease
Type		 Space
Type		 Lease Term
370 17th Street #5500 MERRILL, (303) 446-5500 23,824 SF $23/SF/YR Modified
Gross		 General
Office		 11/01/2014-
N/A
370 17th Street
#6000		 Morrison & Foerster,
(303) 592-1500		 10,710 SF $26/SF/YR Full
Service		 General
Office		 08/01/2013-
07/31/2023
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Documents

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Sales

  • Arm's Length
  • Buyer Name

Market Trends

Average Actual Rents in Morristown

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 Morristown Office Market

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

  • 2020 Avg. Asking Rent $34.72
  • 2020 Office Vacancy Rate 15.45%
  • 2020 Office Completions (Sqft)
View more Morristown market trends

Tax

  • Property Tax in 2021 $289,741
  • Market Value $10,050,000
  • Assessed Value $10,050,000

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