The 5,031-square-foot office building is located on a 1.03-acre lot. A NAI Hanson team consisting of Executive Managing Director of Corporate Services Michael G. Walters, SIOR, and Senior Vice President John J. Schilp represented the seller, ClockWork Parsippany and the buyer, The Church in Nutley.
Originally constructed in 1979, the building has eight classrooms, kitchen facilities, gymnasium space, executive offices, an outdoor playground, a pool and 20 parking spaces. The property offers easy access to Interstates 80 and 280 and Route 46. The Church in Nutley, a non-denominational congregation, will use the facility as a bible study school and church community center.
“The for-sale market in Morris County has experienced a remarkable rebound in recent months,” Walters stated. “This transaction, which was a strategic Investment” for the church, demonstrates that well-located office properties are increasingly attractive to buyers.”