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155 Prospect Ave
West Orange, NJ 07052

Woodland Plaza · Office Property For Sale

PROPERTY FACTS

Property Type
Office
Building Size
34,765 SF
Building Class
B
Year Built/Renovated
1984/2003
Tenancy
Multiple
Building Height
3 Stories
Typical Floor Size
11,588 SF
Building FAR
0.42
Lot Size
1.92 AC
Zoning
R-5
Parking
135 Spaces (3.88 Spaces per 1,000 SF Leased)

Amenities

  • Property Manager on Site
  • Security System
  • Signage
  • Air Conditioning

About 155 Prospect Ave , West Orange, NJ 07052

Marcus & Millichap has been selected to exclusively market for sale 155 Prospect Avenue, a three-story, 34,765-SF Class-B office building in West Orange, New Jersey. The property is currently 100% occupied with 12 strong diverse tenants with offices that range from 500-13,000 square feet. Built in 1984, the building has had recent new tenant buildouts and renovations to common areas, bathrooms, parking lot, roof, and HVAC systems.  The property has direct access to Interstates 280/287, Route 10, The Garden State Parkway, and Interstate Iā€”95. Additionally, the property is located approximately 3 miles from Walnut Street and Bay Street Train Stations (Montclair-Boonton Line) with routes into Manhattan. Located 12 miles from Newark Liberty Airport and 16 miles from Manhattan. West Orange is home to many local and national retailers, over 220 restaurants, and multiple parks, country clubs and family oriented activities for residents. West Orange is a flourishing suburban community with a population around 50,000. The accessibility and density of population continually drive office demand in the neighborhood, which is currently averaging market rents of $25.50 per square foot.

PROPERTY TAXES

PROPERTY TAXES

Parcel Number
22-00152-02-00132
Land Assessment
$2,090,600
Improvements Assessment
$1,309,400
Total Assessment
$3,400,000
  • Listing ID: 14791019

  • Date on Market: 1/7/2019

  • Last Updated:

  • Address: 155 Prospect Ave, West Orange, NJ 07052

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