732-855-8600
5 Century Dr, Parsippany, NJ for Sale
Office - FOR SALE
1/6
null | Request Cap Rate

5 Century Dr
Parsippany, NJ 07054


HIGHLIGHTS

  • Prime office campus location with modernized common areas
  • Strong in-place income with long-term tenant commitment
  • Flexible floor plates ideal for multiple configurations
  • Access to café, lounge, conference center, and fitness amenities
  • Exceptional connectivity to major highways and transit

OVERVIEW

Positioned within a prestigious three-building office campus, 5 Century Drive offers an exceptional owner/user or redevelopment opportunity in the heart of Parsippany’s thriving business corridor. This 80,250-square-foot, three-story office building sits on a generous 5.81-acre site and features expansive 27,000-square-foot floor plates, providing flexibility for a variety of configurations. Recently renovated common areas deliver a modern, professional environment complemented by access to premium amenities, including a full-service café, executive lounge, conference center, and fitness facility within the campus. The property is currently 74% leased, anchored by a major tenant occupying over 53,000 square feet through 2028, ensuring immediate income stability. With 20,000+ square feet available, investors can capitalize on upside potential while exploring alternative-use redevelopment strategies. Strategically located near Routes 10 and 202 and minutes from I-287, Route 24, and I-80, the site offers seamless connectivity to regional hubs and is just five miles from Morristown Train Station. Surrounding conveniences include hotels, retail, dining, and fitness centers, making this an attractive destination for businesses and future development.

FOR SALE DETAILS

PRICE

Request Info for Price

CAP RATE

Request Cap Rate

% LEASED

-

TENANCY

Multiple

SALE TYPE

Owner User

BUILDING DETAILS

PROPERTY TYPE

Office

ADD'L SUBTYPES

Medical

TOTAL BUILDING SIZE

-

STORIES

3

BUILDING CLASS

B

YEAR BUILT

1979

SPRINKLERS

-

PARKING SPACES

450

LAND DETAILS

LAND ACRES

5.81 AC

LAND SF

253,084 SF

ZONING

ROL

APN/PARCEL ID

29-00202-0000-00001-6

ASK ABOUT THIS PROPERTY

John OsborneBergman Real Estate GroupMore Info
732-855-8600

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John OsborneBergman Real Estate GroupMore Info
732-855-8600

By clicking the button, you agree to Showcase's Terms of Use and Privacy Notice.