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Single-Tenant Office

State of NJ (Morris County Career Center)

13 Emery Ave, Randolph, NJ 07869

Listing Price: $4,145,000

Cap Rate
8.50%
Gross SF
18,243
Rentable SF
18,243
Price/Gross SF
$227.21
Lot Size
5.17 acres
Year Built
1982

Investment Overview

Marcus & Millichap is pleased to exclusively present 13 Emery Avenue, Randolph, Morris County, New Jersey.

Investment Highlights

  • State of New Jersey Credit Tenant – Leased to The State of New Jersey, Providing Exceptional Government-Backed Tenant Credit and Income Stability.
  • Established Government Occupancy – Home to the Morris County One-Stop Career Center, Serving The Community Through Essential Workforce and Employment Services.
  • Rare Land-Backed Investment Opportunity – Existing 18,243 Square Foot Office Building Offers Investors Current Income with Potential Future Industrial Redevelopment or Repositioning.

Exclusively Listed By

Single-Tenant Office

State of NJ (Morris County Career Center)

Listing Price: $4,145,000

Cap Rate
8.50%
Gross SF
18,243
Rentable SF
18,243
Price/Gross SF
$227.21
Lot Size
5.17 acres
Year Built
1982

Investment Highlights

  • State of New Jersey Credit Tenant – Leased to The State of New Jersey, Providing Exceptional Government-Backed Tenant Credit and Income Stability.
  • Established Government Occupancy – Home to the Morris County One-Stop Career Center, Serving The Community Through Essential Workforce and Employment Services.
  • Rare Land-Backed Investment Opportunity – Existing 18,243 Square Foot Office Building Offers Investors Current Income with Potential Future Industrial Redevelopment or Repositioning.

Investment Overview

Marcus & Millichap is pleased to exclusively present 13 Emery Avenue, Randolph, Morris County, New Jersey.

Exclusively Listed By

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