Parsippany-Troy Hills Office
For Lease
$26.50 SF/Yr
5 Wood Hollow Road, Parsippany, NJ 07054
Modern office building with fitness center and conferencing facilities.
Space Size2,506 SF - 117,118 SF
Days on Market339
Property Features for 5 Wood Hollow Road
General Information
Standard status
Active
Size
2,506 SF - 117,118 SF
Property subtype
Office
Spaces For Lease
at 5 Wood Hollow Road Contact us3rd Floor Available
Size
117,118 SF
Fully furnished for more than 600 employees Dedicated backup generator (Cummins 1375 kW Diesel Powered)
Contact us 2nd Floor Available
Size
22,453 SF
Type
Office
First Floor Available
Size
2,506 SF
Listing Agency:
CBRE | Saddle Brook
Listed By:
Daniel Casey
(201) 712-5808
Source:
Cbre
Added: Nov 22, 2025
Changed: Oct 25
Last Checked: Oct 26 at 1:16PM
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
Ask AI about this property
Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
This office building offers 330,631 RSF of space across three floors, situated on a 23-acre site. The property features a dramatic three-story atrium lobby with balcony lobbies on the second and third floors. The building is set within a park-like campus environment and provides 1,240 surface parking spaces. The interior boasts 14’6” slab-to-slab ceiling heights and 30’ x 35’ column spacing. Loading is facilitated by two bay-covered loading docks. The property is zoned SED5 (Specialized Economic Development District). Amenities include a new full-service cafeteria, a new conferencing/training center with a 144-person seating capacity, and a new fitness center equipped with state-of-the-art equipment, a yoga room, a spinning room, and men’s/women’s locker rooms with showers. On-site property management is available. The building is LEED Gold certified and offers monument signage. It provides exceptional access to I-80, I-287, Route 46, and Route 202. The property is located in Parsippany-Troy Hills, NJ.
Key Highlights
- Exceptional access to I‑80, I‑287, Route 46, and Route 202
- LEED Gold certified
- New full‑service cafeteria, conferencing/training center (144 person seating), and fitness center
Property Analytics
Current Use
Lease Details
NNN (Triple Net)
Lease Type
$3.97 /SF/Yr
CAM
Location Intelligence
Trade Area within ½ mile
363
Businesses Nearby
Explore this area
Business Placement
Demographics for 07054, NJ
30,228
Population
12,497
Households
2.4
Avg Household Size
41
Median Age
61%
College-Educated
93%
High-School Grad
13.8 sq mi
ZIP Area
2,190
Density / Sq Mi
$107,955
Median Household Income
$69,061
Median Earnings
$1,725
Median Rent
$569,000
Median Home Value
Market
Lease Benchmarks for Parsippany, NJ
$22.88 /SF/Yr
Avg Asking Price
$18.5–$26.5 /SF/Yr
Price Range
54,766 SF
Avg Space Size
This space is priced 16% above the average of $22.88 /SF/Yr.
Vacancy Rate% for Office in Northeast region
Frequently Asked Questions
What type of property is this?
Office building - Modern office building with fitness center and conferencing facilities.
Where is this office building located?
The property is located at 5 Wood Hollow Road Parsippany, NJ.
What is the lease rate?
The lease rate is $26.50 SF/Yr.
What are key features of this property?
This property features: Exceptional access to I‑80, I‑287, Route 46, and Route 202; LEED Gold certified; New full‑service cafeteria, conferencing/training center (144 person seating), and fitness center
