Mahwah Business Center - 16 McKee Drive - 16 McKee Drive, Mahwah, NJ

Property Type Industrial - Flex - Industrial
Property Size 110,000 SF
Lot Size 6.7 Acre
Parking Spaces Avail. 310
Parking Ratio 2.82/ 1,000 SF
Property Tenancy Multi-Tenant
Building Class B
Year Built 1972

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 10 Apr, 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

Property Tax in 2021 $129,546
Market Value* $6,803,900
Assessed Value $6,803,900

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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 Mahwah Business Center - 16 McKee Drive?

Mahwah Business Center - 16 McKee Drive totals 110,000 square feet.

When was this property built?

Mahwah Business Center - 16 McKee Drive was built in 1972.

When was Mahwah Business Center - 16 McKee Drive last sold?

Mahwah Business Center - 16 McKee Drive was last sold on 10 Apr, 2019.

What is the property tax for Mahwah Business Center - 16 McKee Drive?

The property tax for Mahwah Business Center - 16 McKee Drive in 2021 was $129,546.

What is the market value for Mahwah Business Center - 16 McKee Drive?

The market value* for Mahwah Business Center - 16 McKee Drive in 2021 was $6,803,900.
*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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