299 Jefferson RdParsippany-Troy Hills, NJ 07054

  • Commercial real estate
  • 142,152 SF

Property Details for 299 Jefferson Rd

Year built
1985
Lot size
7.46 AC
Property size (Sq ft)
142,152 SF
Zone code
SED5
Property type
Commercial real estate
APN
29 00736-0000-00007- 3
APU
29007360000000073

Description

This exceptional Class A warehouse, located at 299 Jefferson Road in Parsippany-Troy Hills, New Jersey, offers 106,400 square feet of modern industrial space. Built in 2025, the property boasts a 36-foot ceiling height, providing ample vertical storage capacity. The building features 14 loading docks and 2 drive-in doors for efficient loading and unloading operations. A robust 2000-amp power supply ensures sufficient energy for demanding industrial applications. The single-tenant occupancy provides a streamlined and efficient operational environment. Strategically situated less than one mile from major transportation arteries, including I-287, I-80, and Route 46, this location offers unparalleled access to regional and national transportation networks. The property is situated within a mature business park, surrounded by established corporate and industrial neighbors, providing a strong and stable business environment. The property also benefits from a readily available skilled labor pool. Divisions of the space may be considered. Separate driveways for cars and trucks enhance operational efficiency and safety, and a 130-foot truck court provides ample maneuvering space. The property's zip code is 07054.

Valuation
by Paperhouses methods

Valuation date:
Dec 11, 2024
  • Alternative Use

    Use
    Valuation
    Residential
    $29,673,618
    Hospitality
    $27,180,874
    Educational
    $22,614,168
    Medical
    $23,391,904
    Retail
    $35,177,596

Location Insight

City
Parsippany
County
Morris
State
New Jersey
Latitude
40.855
Longitude
-74.4142
CBSA code
35620
CBSA name
NEW YORK-NORTHERN NEW JERSEY-LONG ISLAND, NY-NJ-PA METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

Tax date
Tax Amount
Assessed Land Value
Assessed Improvement Value
Total Assessed Value
Applied Tax Rate
Land Market Value
Improvement Market Value
Total Market Value
2022
$448,938
$4,476,000
$9,274,000
$13,750,000
-
$4,476,000
$9,274,000
$13,750,000

FAQs

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