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Class A Office Building Space
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445 South St, Morristown, NJ 07960

Immediate-occupancy office space available on the first or third floor within a four-story building with ample parking.

Space Size12,378 SF
Days on Market1062

Property Features for 445 South St

General Information

Standard status Active
Size 12,378 SF
Total Parking Spaces 55
Property subtype OFFICE

Additional Details

Highway Access Yes

Building Details

Year Built 1982
Year Renovated 2019
Stories 4

Spaces For Lease

at 445 South St Contact us

SouthGate Corporate Center

Floor
3
Size
12,378 SF
Type
OFFICE
Rate
Contact for pricing
Lease Type
FULL_SERVICE
Availability
AVAILABLE, Now
Sublease
No
- Total building sf, floors: 332,776 sf, 4 floors - Year built renovated: 1982 /...
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Listing Agency: CBRE | Saddle Brook
Listed By: Dorothy Chuang
Source: Moodyscre
Added: Oct 17, 2023 Changed: Sep 10 Last Checked: Sep 12 at 3:58AM

Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of CBRE | Saddle Brook

Investment Insights

Based on property information with market context.

This four-story office building offers immediately available space totaling 21,671 sf on the first floor and 12,376 sf on the third floor. The property was originally built in 1982 and renovated in 2019. Building improvements include six elevators plus one freight elevator, supporting efficient access between floors.

Parking is provided at 4.19 spaces per 1,000 sf, inclusive of 55 covered garage spaces. The building is described as easily accessible to I-287, with close retail and dining.

The owner is listed as institutional ownership, and the available suites can support office occupancy based on the building’s established multi-tenant office configuration.

Key Highlights

  • Immediate‑occupancy office space available on the 1st floor (21,671 SF) or 3rd floor (12,376 SF)
  • Four‑story building totaling 332,776 SF; built in 1982 and renovated in 2019
  • Parking ratio of 4.19 per 1,000 SF, including 55 covered garage spaces

Property Analytics

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Current Use

Guy Carpenter Insurance Agency Arch Reinsurance Company Financial Advisor St Paul Travelers Travel Agency Marsh & McLennan Companies, ... Insurance Agency Marsh USA Inc Insurance Agency

Suggested Use

Top Pick Restaurant Building Supply Spa & Massage Center Kitchen & Bath Showroom Electrical Service Garden Center

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Lease Details

Yes
Highway access
NNN (Triple Net)
Lease Type

Location Intelligence

Trade Area within ½ mile

447
Businesses Nearby

Demographics for 07960, NJ

45,609
Population
18,978
Households
2.4
Avg Household Size
40
Median Age
68%
College-Educated
94%
High-School Grad
34.6 sq mi
ZIP Area
1,318
Density / Sq Mi
$149,462
Median Household Income
$75,266
Median Earnings
$2,173
Median Rent
$701,100
Median Home Value
Check the figures for this property Cap Rate, Value Estimation, Potential NOI and more
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Market

Vacancy Rate% for Office in Northeast region

13.1% 2019
15.4% 2020
17.6% 2021
19.1% 2022
20.2% 2023
20.9% 2024
19.9% 2025
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Frequently Asked Questions

What type of property is this?
Office units - Immediate-occupancy office space available on the first or third floor within a four-story building with ample parking.
Where is this office units located?
The property is located at 445 South St Morristown, NJ.
What are key features of this property?
This property features: Immediate‑occupancy office space available on the 1st floor (21,671 SF) or 3rd floor (12,376 SF); Four‑story building totaling 332,776 SF; built in 1982 and renovated in 2019; Parking ratio of 4.19 per 1,000 SF, including 55 covered garage spaces
(201) 712-5835 Call to check price and availability
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