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60 E Hanover Ave
Morris Plains, NJ 07950

$10,500,000 USD

Light Manufacturing For Sale • 46,312 SF

Property Details

Property Type Light Manufacturing
Total Building Size 46,312 SF
Lot Size 4.53 AC
Building Class B
Year Built 1986
Cap Rate 6.69 %
Tenancy Multiple
Zoning I

0 Transit Score

57 Walk Score

                
                    Highlights
                
                                THREE BUILDING INDUSTRIAL PARK LOCATED IN THE HEART OF MORRIS COUNTY
                            
                                SPACES THAT RANGE BETWEEN 3200-7500SF. 46,000SF TOTAL
                            
                                100% OCCUPIED WITH 9 TENANTS
                            
                                A TOTAL OF 11 DOCKS OR DRIVE-IN DOORS AT THE COMPLEX
                            
                                18" CLEAR CEILING
                            
                                CONVENIENTLY LOCATED OFF OF ROUTE 287, PROVIDING ACCESS TO ROUTES 80, 46, 24 AND 10 WITHIN MINUTES.

Property Flyers

60 E Hanover Exec Summary

Financial Summary (Actual)

Net Operating Income: $696,364 USD (2024)

Cap Rate:	6.69 %
Total Expenses:	$238,914 USD

Public Transportation

Commuter Rail	Drive	Walk	Distance
Morris Plains (Morris & Essex Morristown Line - NJ Transit Commuter Rail (NJ Transit))	3 min	-	1.0 mi
Morristown (Morris & Essex Morristown Line - NJ Transit Commuter Rail (NJ Transit))	5 min	-	2.6 mi
Airport	Drive	Walk	Distance
Newark Liberty International	31 min	-	23.1 mi

Parking Details

Parking Available:	Yes
Reserved:	No
Type:	Surface
Included in Rent:	Yes

Charles Collins 201-410-4268 Marcus & Millichap

60 E Hanover Ave Morris Plains, NJ 07950