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Jockey Hollow Medical Building - 1201 Mt Kemble Ave, Morristown, NJ

Property Details

  • Price :

  • Square Feet :

  • Cap Rate :

  • $3,400,000

  • 13,725

  • 6.25%

  • NOI :

  • Acres :

  • $212,524

  • 2.50

  • Property Type :

  • Property Status :

  • Office

  • Available

Investment Highlights

  • 13,725 SF Majority (73%) Condominium Interest in the Jockey Hollow Medical Building in Morristown, Morris County, New Jersey
  • Potential Future Upside in Individual Condominium Sellout
  • Highly Desirable Medical Space Near Top Tier Medical Hub of New Jersey, Morristown Medical Center – #1 Rated Hospital in New Jersey
  • Easy Access to US-202 & I-287
  • Tenants Operating on Modified Gross Leases – Expense Reimbursements Over Base Year
  • Staggered Lease Expirations – Mitigating Landlord Risk
  • Well Maintained and Managed
  • Affluent Area – Average Household Income Over $286,000Within 1 Mile of the Subject Property
  • Nearby National Tenants Include: ShopRite, Walgreens, Dunkin', Chipotle, Starbucks, TD Bank, Chase & CVS

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