3 Wing DrHanover, NJ 07927
- Office properties
- 65,400 SF
Property Details for 3 Wing Dr
- Year built
- 1980
- Lot size
- 5.46 AC
- Property size (Sq ft)
- 65,400 SF
- Zone code
- IP
- Property type
- Office properties
- Property subtype
- Office buildings
- APN
- 12 01101-0000-00009
- APU
- 1201101000000009
Description
This exceptional 5,327 square foot office suite, available September 1st, 2024, is located in a prestigious Cedar Knolls address with convenient access to major highways. The space features a sophisticated double glass door entry, a modern LVT reception area, four private perimeter offices, and two sizable conference rooms. A spacious eat-in kitchen and dedicated IT room add to the functionality. A large open bullpen area is ideal for cubicles, offering flexibility for various team configurations. The suite is fully built-out as a professional services office and is in excellent condition. Tenants are responsible for electricity usage. The building itself is a Class B, two-story structure built in 1980, encompassing 65,400 square feet. It offers ample natural light, drop ceilings, central heating and air conditioning, and a generous 328 surface parking spaces. The building is managed by a reputable Morris County landlord. The lease rate is $17.00 per square foot per year. This property presents a turnkey solution for businesses seeking a high-quality, well-appointed office space in a desirable location.
Valuation
by Paperhouses methods
- Valuation date:
- Dec 11, 2024
-
CAP approach
- CAP return
- Valuation
- 6%
- $11,927,804
- 6.5%
- $11,010,281
- 7%
- $10,223,832
-
Comparable approach
- Method
- Valuation
- Relative Method
- $8,556,678
- Geo Method
- $8,545,164
-
Alternative Use
- Use
- Valuation
- Residential
- $13,652,748
- Hospitality
- $12,505,844
- Educational
- $10,404,715
- Medical
- $10,762,549
- Retail
- $16,185,113
Location Insight
- City
- Cedar Knolls
- County
- Morris
- State
- New Jersey
- Latitude
- 40.8311
- Longitude
- -74.4472
- CBSA code
- 35620
- CBSA name
- NEW YORK-NORTHERN NEW JERSEY-LONG ISLAND, NY-NJ-PA METROPOLITAN STATISTICAL AREA
Property Tax & Assessments
Comparable in this City
Similar Nearby for Lease
FAQs
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