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Cranberry Commons

Off-Market

442 State Route 35, Eatontown, NJ 07724

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  • Property Type Office - General Office
  • Property Size 67,471 SF
  • Lot Size 8.39 Acre
  • Parking Spaces Avail. 269
  • Parking Ratio 4.00/ 1,000 SF
  • Property Tenancy Multi-Tenant
  • Building Class B
  • Year Built 1989

Location

  • City Eatontown, NJ
  • Neighborhood Eatontown
  • Zip Code 07724
  • 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

  • Purchase Date 31 Jan, 2011
  • Purchase Price
  • Arm's Length True
  • Buyer Name

Market Trends

Average Actual Rents in Eatontown

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 Eatontown Office Market

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

  • 2020 Avg. Asking Rent $25.83
  • 2020 Office Vacancy Rate 13.45%
  • 2020 Office Completions (SF)
View more Eatontown market trends

Tax

  • Property Tax in 2021 $125,400
  • Market Value* $5,500,000
  • Assessed Value $5,500,000

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 Cranberry Commons?

Cranberry Commons totals 67,471 square feet.

When was this property built?

Cranberry Commons was built in 1989.

When was Cranberry Commons last sold?

Cranberry Commons was last sold on 31 Jan, 2011.

What is the property tax for Cranberry Commons?

The property tax for Cranberry Commons in 2021 was $125,400.

What is the market value for Cranberry Commons?

The market value* for Cranberry Commons in 2021 was $5,500,000.
*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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