8 PROGRESS DRIVE
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Location
8 PROGRESS DRIVE
Mblu
105/ 4670/ 8/ /
Acct#
467000008
Owner
SL 1055 CROSSROADS BLVD LLC
Total Assessment
$1,738,100
Appraisal
$2,482,800
PID
13517
Building Count
1
DISTRICT
T
CONCRETE
Current Value
Appraisal
Valuation YearImprovementsLandTotal
2021$1,797,400$685,400$2,482,800
Assessment
Valuation YearImprovementsLandTotal
2021$1,258,300$479,800$1,738,100

Owner of Record
OwnerSL 1055 CROSSROADS BLVD LLC
Address195 MORRISTOWN RD
BASKING RIDGE, NJ 07920
Sale Price$12,915,000
Certificate
Book & Page 4593/0490
Sale Date06/27/2019
Instrument25

Ownership History
Ownership History
OwnerSale PriceCertificateBook & PageInstrumentSale Date
SL 1055 CROSSROADS BLVD LLC$12,915,000 4593/04902506/27/2019
GCCFC2007-GG9 MANCH. CT PROPERTIES LLC$0 4588/01614204/03/2019
TWO(2)PROGRESS DRIVE LLC$860,000C2875/02740705/21/2004
AETNA LIFE INSURANCE COMPANY$0 2540/01664212/12/2002
MANCHESTER PROGRESS LTD PTSHP$0 1282/0206 12/21/1988

Building Information
Building 1 : Section 1
Year Built: 1968
Living Area: 63,000
Replacement Cost: $2,652,300
Replacement Cost
Less Depreciation:
$1,617,900
Building Attributes
FieldDescription
Style:Warehouse
ModelInd/Comm
GradeAverage
Stories:1
Occupancy4.00
Exterior Wall 1Concr/Cinder
Exterior Wall 2 
Roof StructureFlat
Roof CoverTar + Gravel
Interior Wall 1Minim/Masonry
Interior Wall 2 
Interior Floor 1Concr-Finished
Interior Floor 2 
Heating FuelGas
Heating TypeHot Air-no Duc
AC TypePartial
Bldg UseCommercial 96
Total Rooms 
Total Bedrms00
Total Baths0
1st Floor Use:200I
Heat/ACHeat AC Split
Frame TypeMasonry
Baths/PlumbingAverage
Ceiling/WallCeiling & Wall
Rooms/PrtnsAverage
Wall Height21.00
% Comn Wall0.00
Building Photo Building Photo
Building Layout Building Layout
Building Sub-Areas (sq ft)
CodeDescriptionGross
Area		Living
Area
BASFirst Floor 63,000 63,000
   63,000 63,000

Extra Features
Extra Features
CodeDescriptionSizeValueBldg #
SPR1Sprinklers-Wet63000.00 S.F.$57,6001
A/CPartial AC7800.00 S.F.$9,5001
LDL1Ld Lvlr-Power3.00 UNITS$5,5001

Land
Land Use
Use Code200I
DescriptionCommercial 96  
ZoneIND
Neighborhood4000
Alt Land ApprNo
Category
Land Line Valuation
Size (Acres)4.76
Frontage0
Depth0
Total Assessed Land$479,800
Appraised Value$685,400

Outbuildings
Outbuildings
CodeDescriptionSub CodeSub DescriptionSizeValueBldg #
PAV1Paving Asphalt  85140.00 S.F.$106,4001
PAV2Paving Concrete  200.00 S.F.$5001
Valuation History
Appraisal
Valuation YearImprovementsLandTotal
2024$1,797,400$685,400$2,482,800
2023$1,797,400$685,400$2,482,800
2022$1,797,400$685,400$2,482,800

Assessment
Valuation YearImprovementsLandTotal
2024$1,258,300$479,800$1,738,100
2023$1,258,300$479,800$1,738,100
2022$1,258,300$479,800$1,738,100

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