Office Warehouse

60 S Jefferson Rd

60 S Jefferson Rd, Whippany, NJ 07981

Listing Price: $6,675,000

Cap Rate
6.00%
Gross SF
36,976
Price/Gross SF
$180.52
Lot Size
5.15 acres
Year Built
1967
Rentable SF
36,976

Investment Overview

Marcus & Millichap is pleased to present 60 S Jefferson Road, Whippany, Morris County, New Jersey.

Investment Highlights

  • 36,976 Square Foot Majority Condominium Interest in a 56,886 Square Foot Industrial Flex Building Located in Whippany, Morris County, NJ.
  • 92% Leased to a Diverse set of Tenants Providing Durable and Stable Cash Flow.
  • 6% Cap Rate on in Place Income, Additional Upside can be Realized with Lease up of 3,260 Square Feet Vacant Space at Market Rent of $12 NNN.

Exclusively Listed By

  • Alan Cafiero

    Senior Vice President Investments

    (201) 742-6118

    Email Alan

    License(s): NJ: 0791092

    New Jersey

  • Ben Sgambati

    Senior Vice President Investments

    (201) 742-6113

    Email Ben

    License(s): NJ: 8337646, NY: 30SG0878955

    New Jersey

  • Mark Gjonbalaj

    Licensed Associate Real Estate Broker

    (201) 742-6136

    Email Mark

    License(s): NJ: 1007574, NY: 10301201059

    Manhattan

Listing Price: $6,675,000

Cap Rate
6.00%
Gross SF
36,976
Price/Gross SF
$180.52
Lot Size
5.15 acres
Year Built
1967
Rentable SF
36,976

Investment Highlights

  • 36,976 Square Foot Majority Condominium Interest in a 56,886 Square Foot Industrial Flex Building Located in Whippany, Morris County, NJ.
  • 92% Leased to a Diverse set of Tenants Providing Durable and Stable Cash Flow.
  • 6% Cap Rate on in Place Income, Additional Upside can be Realized with Lease up of 3,260 Square Feet Vacant Space at Market Rent of $12 NNN.

Investment Overview

Marcus & Millichap is pleased to present 60 S Jefferson Road, Whippany, Morris County, New Jersey.

Exclusively Listed By

  • Alan Cafiero

    Senior Vice President Investments

    (201) 742-6118

    Email Alan

    License(s): NJ: 0791092

    New Jersey

  • Ben Sgambati

    Senior Vice President Investments

    (201) 742-6113

    Email Ben

    License(s): NJ: 8337646, NY: 30SG0878955

    New Jersey

  • Mark Gjonbalaj

    Licensed Associate Real Estate Broker

    (201) 742-6136

    Email Mark

    License(s): NJ: 1007574, NY: 10301201059

    Manhattan

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