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Office Space with Immediate Possession
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445 South St, Morristown, NJ 07960

Multi-floor office space offers immediate possession, elevator service, covered garage parking, and access to nearby retail and dining.

Space Size11,616 SF
Property Size332,776 SF
Days on Market173

Property Features for 445 South St

General Information

Standard status Active
Size 11,616 SF
Net Rentable 12,376 SF
Elevators Yes
Property subtype OFFICE

Space & Availability

Available Space 12,376-21,671 SF
Space Use Office
Available From Immediate

Additional Details

Highway Access Yes

Building Details

Year Built 1982
Year Renovated 2019
Stories 4
Building Size 332,776 SF
Parking Ratio 4.19 per 1,000 SF

Spaces For Lease

at 445 South St Contact us

SouthGate Corporate Center

Floor
3
Size
11,616 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: Daniel "Dan" Casey, III
Source: Moodyscre
Added: Feb 20 Changed: Aug 8 Last Checked: Aug 11 at 11:57AM

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.

The office property comprises a 332,776-square-foot, four-floor building constructed in 1982 and renovated in 2019. Current availabilities include 21,671 square feet on the first floor and 12,376 square feet on the third floor, with immediate possession available. The building is served by six passenger elevators and one freight elevator.

Parking is provided at a ratio of 4.19 spaces per 1,000 square feet, including 55 covered garage spaces. The property offers access to I-287 and is near retail and dining. The building is institutionally owned.

Key Highlights

  • 332,776‑square‑foot office building with 4 floors
  • Available space includes 21,671 square feet on the 1st floor and 12,376 square feet on the 3rd floor
  • Built in 1982 and renovated in 2019

Property Analytics

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

3,690
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

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 - Multi-floor office space offers immediate possession, elevator service, covered garage parking, and access to nearby retail and dining.
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: 332,776‑square‑foot office building with 4 floors; Available space includes 21,671 square feet on the 1st floor and 12,376 square feet on the 3rd floor; Built in 1982 and renovated in 2019
(201) 712-5835 Call to check price and availability
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