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The Medical Center at James Street

Off-Market

261 James Street, Morristown, NJ 07960

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  • Property Type Office - Medical Office
  • Property Size 44,000 SF
  • Lot Size 1.72 Acre
  • Parking Spaces Avail. 246
  • Parking Ratio 5.60/ 1,000 SF
  • Property Tenancy Multi-Tenant
  • Building Class B
  • Year Built 1989

Location

  • City Morristown, NJ
  • Neighborhood Morristown
  • Zip Code 07960
  • 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

Market Trends

Average Actual Rents in Morristown

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 Morristown Office Market

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

  • 2020 Avg. Asking Rent $34.72
  • 2020 Office Vacancy Rate 15.45%
  • 2020 Office Completions (SF)
View more Morristown market trends

Tax

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Frequently Asked Questions

What is the total square footage of The Medical Center at James Street?

The Medical Center at James Street totals 44,000 square feet.

When was this property built?

The Medical Center at James Street was built in 1989.

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