State of NJ Anchored Office Bldg. (Value/Add) — Sale in East Orange, NJ

  • Price: Contact for price
  • Listing type: For sale
  • Asset type: Office
  • Location: East Orange, NJ 07018

Photos

State of NJ Anchored Office Bldg. (Value/Add) — Sale in East Orange, NJ, photo 1 of 2
State of NJ Anchored Office Bldg. (Value/Add) — Sale in East Orange, NJ, photo 2 of 2

Investment Figures

Cap rate
7.75%

Derived from the asking price and operating figures published for this listing. Informational only — not an appraisal, valuation or financial advice. Verify independently before relying on any figure.

Description

Marcus & Millichap is pleased to exclusively present 33 Evergreen Pl, East Orange, Essex County, New Jersey. Investment Highlights: • State Of New Jersey Occupies Approximately 69% of the Building on a Lease Extending Through April 2036, Providing Durable In-Place Cash Flow. • 27% of the Property is Currently Vacant, Allowing an Investor to Lease Remaining Space and Increase NOI by More Than 40%. • Projected NOI Increases From $391,487 to $553,661 Upon Stabilization, Creating Significant Upside Through Lease-up.

Market Context

This office in East Orange, NJ is listed for sale. It is offered at an approximate 7.8% capitalization rate, a key benchmark for income-producing office assets. Compare it against other office listings for sale in East Orange, NJ — view the full market.

As of Q1 2026, the New Jersey office market showed average asking rents near $31.85/SF/yr, and rents up 8.7% year over year. Source: multiple brokerage reports, Q1 2026.

Rising rents point to a competitive market where well-priced, well-located assets trade quickly.

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