300 Executive Dr - Office FOR SALE
West Orange, NJ 07052 |
908-420-4665
300 Executive Dr
West Orange, NJ 07052
HIGHLIGHTS
- Executive Hill Building is 94% occupied and anchored by GEICO, Ampersand, and Bierman, alongside a well-diversified base of smaller tenants.
- Optimally located near I-280 and the recently renovated Essex Green Shopping Center, a main retail and lifestyle hub in Essex County.
- Prime investment as only three tenants occupy 10K SF, with each of the other 16 tenants occupying 4.3K on average, limiting vacancy risk.
- Tenant industries vary from legal, telecommunications, insurance, finance, and medical, limiting exposure to any one industry's volatility.
- Affluent area with 37.6% of households earning over $200,000 per year and 66% of residents holding at least a bachelor’s degree within 1 mile.
- Built-in upside with many leases featuring below market rent with a building average rent of $23.49 PSF versus $25.50 market rent.
FOR SALE DETAILS
BUILDING DETAILS
PROPERTY NAME
94% Occupied Office with Nearly $2M NOI
PROPERTY TYPE
Office
TOTAL BUILDING SIZE
-
STORIES
4
BUILDING CLASS
B
YEAR BUILT
1984
SPRINKLERS
-
PARKING SPACES
494
LAND DETAILS
LAND ACRES
8.68 AC
LAND SF
378,101 SF
ZONING
OB-1
APN/PARCEL ID
22-00155-0000-00042
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908-420-4665
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908-420-4665
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