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    Property profile & analytics
    FOR LEASE
    Commercial real estate

    20 Commerce Dr 135, Cranford, NJ 07016

    6.36 ac lot Built 1991
    Entity Owned 27-yr Hold ~ Est. High Equity
    Property ID
    US59-1291380
    Property summary
    AI-generated overview

    This Class A, 9,797 square foot office building, renovated in 2019, is located at 20 Commerce Drive, Cranford, NJ 07016, in Union County. The property boasts 350 suites, with 5,970 square feet currently vacant, offering flexible options ranging from 10 square feet to a maximum contiguous space of 1,300 square feet. The building features convenient amenities including elevators. Its prime location in Cranford's commercial hub, near the Garden State Parkway, provides easy access to Newark International Airport and New York City. The building's energy-efficient design and attractive landscaping create a desirable work environment. Nearby amenities include restaurants, coffee shops, retail stores, and walking trails along the Rahway River. Available spaces cater to diverse needs, from single-person offices to large corporate setups, including fully furnished and equipped options, serviced offices, custom spaces, disaster recovery spaces, and day offices. A benefits program offering exclusive discounts and procurement support is also available. This landmark building, situated in the "clock tower," presents a unique opportunity for businesses seeking a prestigious and convenient location in New Jersey.

    Property profile
    Verified
    Property type Commercial real estate
    Use group COMMERCIAL (GENERAL)
    Year built 1991
    Construction STEEL FRAME
    Lot 6.36 ac (276,824 SF)
    APN 03 00643-0000-00003- 011
    UPID US59-1291380
    Cap rate & NOI
    Priority signal for investors
    Implied cap rate, NOI & suggested price
    Cap rate vs submarket · NOI estimate · 3 price anchors
    Implied cap rate, NOI & suggested price
    Cap vs submarket · NOI estimate · 3 price anchors
    Current use
    Occupant on record · Public records
    • Better Image Soulutions Financial Advisor
    • Creative Brothers 4 Heaven Scents LLC (Bike/Boat/Book/etc) Store
    • Gagan Luthra, Phd, LPC Counselor
    • New Jersey Lenders Corporation Loan Service Bank
    • Gina Colabelli, Finance of America Mortgage LLC Loan Service Bank
    Value estimations
    Realmo proprietary · 4 methods
    AI Approach AI
    $525k
    CAP Approach CAP
    by Request
    Comparable Approach Comparable
    by Request
    Blend (final) Blend
    $525k
    Owner & transaction history
    20 Commerce Drive Assoc LLC · 27 yrs held
    20 Commerce Drive Assoc LLC
    since 1999
    7 recorded transactions
    2020
    2017
    2016
    1999
    1989
    $1.0M
    1969
    1969
    Zoning & alternative use
    Permitted uses
    Permitted uses
    Allowed · conditional · prohibited
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    More about this property
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