399 Campus Drive, Franklin Township, NJ 08873 For Sale

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399 Campus Drive, Somerset (Franklin Township), Somerset County, New Jersey a ±126,000 SF Class A office building situated on 7.57 acres. The Property has recently undergone a comprehensive capital improvement program, including a new roof and replacement of most HVAC systems, along with a fully renovated lobby and common areas featuring upgraded restrooms, a modern fitness center, and tenant lounge—positioning the asset as a highly competitive offering within a supply constrained market. Prominent signage opportunities along Interstate 287 further enhance visibility and branding exposure.

The Property is currently 34% leased to a diverse roster of medical, technology, consulting, and logistics tenants, offering substantial near term upside through the lease up of approximately 78,000 SF of vacant space. This includes the entire fourth floor (±36,300 SF) and significant contiguous availability across floors two and three, featuring expansive window lines and newly renovated bathrooms. In place rents average $14.00 PSF, approximately 40% below current market rents of $23.88 PSF, providing a clear mark to market opportunity and embedded NOI growth. Note that Ownership structured many leases with Landlord termination options to provide flexibility for potential industrial redevelopment.