• University Hospital - Ambulatory Care Center
  • University Hospital - Ambulatory Care Center
  • University Hospital - Ambulatory Care Center
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University Hospital - Ambulatory Care Center

Off-Market

140 Bergen Street, Newark, NJ 07103

This property is off-market. Unlock in-depth property data and market insights by signing up to CommercialEdge.

  • Property Type Office - Medical Office
  • Property Size 195,948 SF
  • Lot Size 9.77 Acre
  • Property Tenancy Owner Occupied
  • Building Class A
  • Year Built 2005

Location

  • City Newark, NJ
  • Neighborhood University Heights
  • Zip Code 07103
  • 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 Price
  • Arm's Length True
  • Buyer Name

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 2021 $7,477,427
  • Market Value* $196,774,400
  • Assessed Value $196,774,400

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 University Hospital - Ambulatory Care Center?

University Hospital - Ambulatory Care Center totals 195,948 square feet.

When was this property built?

University Hospital - Ambulatory Care Center was built in 2005.

What is the property tax for University Hospital - Ambulatory Care Center?

The property tax for University Hospital - Ambulatory Care Center in 2021 was $7,477,427.

What is the market value for University Hospital - Ambulatory Care Center?

The market value* for University Hospital - Ambulatory Care Center in 2021 was $196,774,400.
*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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Looking for more in-depth information on this property? Find property characteristics, ownership, tenant details, local market insights and more. Unlock data on CommercialEdge.