147 Columbia Turnpike, Florham Park, NJ

Property Type Office - General Office
Property Size 47,178 SF
Lot Size 5.35 Acre
Parking Spaces Avail. 183
Parking Ratio 3.90/ 1,000 SF
Property Tenancy Multi-Tenant
Building Class B
Year Built 1980

Location

Map
Street

City Florham Park, NJ
Neighborhood Florham Park
Zip Code 07932
Market New Jersey

Contacts

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Owner

True Owner
Registered Owner

Brokers

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Documents

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Sales

Purchase Price
Arm's Length True
Buyer Name

Mortgages

Current Lender
Loan Amount
Loan Origination Date

Market Trends

Average Actual Rents in Florham Park

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

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Occupancy & Leasing Activity

Occupancy

83.5%

Lease Spread

-20.5%

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Asking Rents in Florham Park Office Market

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

2020 Avg. Asking Rent $29.56
2020 Office Vacancy Rate 11.26%
2020 Office Completions (SF)

Florham Park Office Sales Trends

All sale prices are based on publicly recorded, verified sales.

2020 Avg. Price per SF $156.86
Y-o-Y Avg. PpSF Change -0.92%
2020 Office Sales Volume $372.2M
2020 Number of Transactions 3

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Tax

Property Tax in 2022 $160,000
Market Value* $10,000,000
Assessed Value $10,000,000

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 147 Columbia Turnpike?

147 Columbia Turnpike totals 47,178 square feet.

When was this property built?

147 Columbia Turnpike was built in 1980.

What is the property tax for 147 Columbia Turnpike?

The property tax for 147 Columbia Turnpike in 2022 was $160,000.

What is the market value for 147 Columbia Turnpike?

The market value* for 147 Columbia Turnpike in 2022 was $10,000,000.
*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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147 Columbia Turnpike, Florham Park, NJ 07932 - Office Space

147 Columbia Turnpike is located at 147 Columbia Turnpike in the Florham Park neighborhood, NJ, Florham Park, 07932. The Class B Office building was completed in 1980 and features a total of 47,178 SF.

There are 64 office spaces for lease in the Florham Park neighborhood, totaling 1,067,173 SF of available office space. The office space availability for the 07932 zip code is 1,035,581 SF, in 64 office spaces. The average asking office rent per SF in Florham Park is $25.8/SF/YR. For Class A office buildings the average office rate is $28.5/SF/YR, for Class B office buildings the average office rate is $25.13/SF/YR.

In Florham Park, there are 12 class B office buildings. In Florham Park, there are a total of 8 LEED certified office buildings. In 1980, the same year 147 Columbia Turnpike was built, 50 more commercial properties (office, industrial, retail) over 50,000 square feet were built in Florham Park, featuring 383,114 square feet of commercial space. At zip code level, there are 33 commercial properties, of which 25 are office buildings over 50,000 square feet.