100% Occupied Lab/Goverment Bldg. — Sale in East Hanover, NJ
- Price: Contact for price
- Listing type: For sale
- Asset type: Office
- Location: East Hanover, NJ 07936
- Year built: 1995
Photos
Investment Figures
- Cap rate
- 7.00%
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
Msrcus & Millichap is pleased to exclusively present 44 Deforest Avenue, East Hanover, Morris County, New Jersey. Investment Highlights: • 100% Occupied Government & Credit Tenant Asset • Long-Term Lease Profile with Built-In Rent Growth • High-Quality Asset – 40,022 SF on 1.02 Acres
Market Context
This office in East Hanover, NJ is listed for sale. It is offered at an approximate 7.0% capitalization rate, a key benchmark for income-producing office assets. The building dates to 1995. Compare it against other office listings for sale in East Hanover, 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.
Contact
- Alan Cafiero · (201) 742-6118 · alan.cafiero@marcusmillichap.com
- Mark Gjonbalaj · (201) 742-6136 · mark.gjonbalaj@marcusmillichap.com
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