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300 North Wakefield Drive

Off-Market

300 North Wakefield Drive, Newark, DE 19702

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  • Property Type Office - General Office
  • Property Size 115,000 SF
  • Lot Size 11.07 Acre
  • Property Tenancy Single Tenant
  • Building Class B
  • Year Built 1996

Location

  • City Newark, DE
  • Zip Code 19702
  • Market Philadelphia

Contacts

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Owner

  • True Owner
  • Registered Owner

Brokers

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Documents

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Sales

  • Purchase Date 28 Aug, 2019
  • Purchase Price
  • Arm's Length True
  • Buyer Name

Market Trends

Average Actual Rents in Newark

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 Newark Office Market

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

  • 2020 Avg. Asking Rent $22.28
  • 2020 Office Vacancy Rate 11.41%
  • 2020 Office Completions (SF)
View more Newark market trends

Tax

  • Property Tax in 2021-2022 $268,915
  • Market Value* $6,648,600
  • Assessed Value $6,648,600

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

*The displayed market value represents the assessed value determined by the appropriate local tax/financial authority. It is not the property’s latest sale price or a current market value based on recent area sales.

Frequently Asked Questions

What is the total square footage of 300 North Wakefield Drive?

300 North Wakefield Drive totals 115,000 square feet.

When was this property built?

300 North Wakefield Drive was built in 1996.

When was 300 North Wakefield Drive last sold?

300 North Wakefield Drive was last sold on 28 Aug, 2019.

What is the property tax for 300 North Wakefield Drive?

The property tax for 300 North Wakefield Drive in 2021-2022 was $268,915.

What is the market value for 300 North Wakefield Drive?

The market value* for 300 North Wakefield Drive in 2021-2022 was $6,648,600.
*This represents the market value determined by the appropriate local tax/financial authority, and not the latest sale price or current market value based on recent sales.

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