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One Newark Center

Off-Market

1085 Raymond Blvd, Newark, NJ 07102

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  • Property Type Office - General Office
  • Property Size 416,429 SF
  • Lot Size 2.9 Acre
  • Parking Spaces Avail. 949
  • Parking Ratio 2.28/ 1,000 SF
  • Property Tenancy Multi-Tenant
  • Building Class A
  • Year Built 1992

Location

  • Walk Score ® Very Walkable (88)
  • Transit Score ® Rider's Paradise (98)
  • Bike Score ® Bikeable (68)
Powered by Walk Score ®
  • City Newark, NJ
  • Neighborhood Downtown Newark
  • Zip Code 07102
  • Market New Jersey

Points of Interest

Newark Penn Station

0.18 miles

Newark Penn Station

0.18 miles

Newark Penn Station

0.19 miles

NJPAC/Center Street

0.21 miles

Military Park

0.25 miles

Washington Street

0.44 miles

Atlantic Street

0.53 miles

Washington Park

0.54 miles

Harrison

0.59 miles

Riverfront Stadium

0.65 miles

Mobil

0.55 miles

Lukoil

0.61 miles

Speedway

0.63 miles

Delta

0.66 miles

BP

0.77 miles

Sunoco

0.99 miles

Enrite

1.11 miles

Exxon

1.24 miles

Wawa

1.81 miles

Tesla Supercharger

1.83 miles

One Newark Center Garage

0.06 miles

Riverfront Garage

0.10 miles

Raymond Boulevard Garage

0.14 miles

NJPAC Lot C

0.15 miles

Mulberry Commons Parking

0.25 miles

NJPAC Lot A

0.26 miles

Deck 2

0.39 miles

Deck 3

0.39 miles

Edison ParkFast

0.39 miles

Lot 507

0.43 miles

Hilton

0.10 miles

TRYP Newark

0.15 miles

Best Western Robert Treat Hotel

0.18 miles

Hotel Indigo Newark Downtown

0.33 miles

Courtyard by Marriott Downtown Newark

0.41 miles

Hampton Inn

0.69 miles

Comfort Suites Newark - Harrison

1.28 miles

Casa Tito

1.36 miles

Casa Majo

1.61 miles

DoubleTree by Hilton Hotel

1.65 miles

Don Pepe

0.06 miles

Dunkin' Donuts

0.16 miles

China Express

0.17 miles

McDonald's

0.17 miles

Home Slice

0.20 miles

Dinosaur BBQ

0.23 miles

Newark Fish Market

0.25 miles

Dunkin' Donuts

0.27 miles

Wok To Walk

0.27 miles

Blaze Pizza

0.27 miles

Seton Hall University School of Law

0.02 miles

Pillar College

0.18 miles

NJPAC Center for Arts Education

0.31 miles

Express Newark

0.38 miles

Rutgers School of Criminal Justice

0.45 miles

Rutgers Law School

0.46 miles

Great Oaks Legacy Downtown Middle School

0.48 miles

KIPP Spark Academy

0.48 miles

Lafayette Street Elementary School

0.49 miles

Berkley College

0.49 miles

Wyonna's House

0.44 miles

Sunshine

4.06 miles

Concern Mom Soar On Eagle Wings

4.31 miles

Future Generation Early Learning Center

4.83 miles

Executive Baby

4.86 miles

Elite Day Care LLC

4.92 miles

Little Scholars Playhouse

5.06 miles

All About Kids

5.10 miles

Franciscan Sisters of St. Elizabeth School and Child Care Center

5.15 miles

Park Street Academy

6.20 miles

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 01 Dec, 2017
  • Purchase Price
  • Arm's Length True
  • Buyer Name

Mortgages

  • Current Lender
  • Loan Amount
  • Loan Origination Date
  • Loan Maturity Date

Market Trends

Average Actual Rents in Newark

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 Newark Office Market

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

  • 2020 Avg. Asking Rent $36.88
  • 2020 Office Vacancy Rate 14.66%
  • 2020 Office Completions (SF)
View more Newark market trends

Tax

  • Property Tax in 2022 $2,237,618
  • Market Value* $59,925,500
  • Assessed Value $59,925,500

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 One Newark Center?

One Newark Center totals 416,429 square feet.

When was this property built?

One Newark Center was built in 1992.

When was One Newark Center last sold?

One Newark Center was last sold on 01 Dec, 2017.

What is the property tax for One Newark Center?

The property tax for One Newark Center in 2022 was $2,237,618.

What is the market value for One Newark Center?

The market value* for One Newark Center in 2022 was $59,925,500.
*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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