1111 MacArthur Blvd, Mahwah, NJ

Property Type Office - General Office
Property Size 141,000 SF
Lot Size 18.87 Acre
Parking Spaces Avail. 514
Parking Ratio 3.65/ 1,000 SF
Property Tenancy Multi-Tenant
Building Class B
Year Built 1981

Location

Map
Street

City Mahwah, NJ
Neighborhood Mahwah
Zip Code 07430
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 07 Feb, 2019
Purchase Price
Arm's Length True
Buyer Name

Mortgages

Current Lender
Loan Amount
Loan Origination Date

Market Trends

Average Actual Rents in Mahwah

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 Mahwah Office Market

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

2020 Avg. Asking Rent $29.24
2020 Office Vacancy Rate 12.96%
2020 Office Completions (SF)

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Tax

Base Tax $267,333
Current Tax $263,385
Market Value* $13,702,400
Assessed Value $13,702,400

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*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 1111 MacArthur Blvd?

1111 MacArthur Blvd totals 141,000 square feet.

When was this property built?

1111 MacArthur Blvd was built in 1981.

When was 1111 MacArthur Blvd last sold?

1111 MacArthur Blvd was last sold on 07 Feb, 2019.

What is the market value for 1111 MacArthur Blvd?

The market value* for 1111 MacArthur Blvd in 2022 was $13,702,400.
*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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