This address denotes a specific location within Hackensack, New Jersey, likely signifying a commercial building or complex situated at University Plaza. Numerically designated addresses within a plaza often indicate distinct offices, suites, or buildings within a larger development.
Locating businesses or services at this address provides access to the benefits of a potentially well-maintained and managed property, often with shared amenities and infrastructure. The Hackensack location offers proximity to transportation networks, a diverse workforce, and the broader New Jersey/New York metropolitan area. The specific advantages of this particular site depend on factors such as the building’s features, surrounding businesses, and accessibility.
Understanding the context of this location within Hackensack’s commercial landscape is essential for comprehending its relevance to the businesses operating there and the community they serve. Further exploration might involve examining local demographics, economic activity in the area, and the history of development at University Plaza.
1. Location
Hackensack, New Jersey, serves as the broader geographical context for 3 University Plaza Drive. The city’s characteristics significantly influence the address’s relevance. Hackensack’s location within the New York metropolitan area provides access to a large consumer base, diverse workforce, and established transportation networks. These factors contribute to the desirability of commercial spaces within the city, including the specific address. The city’s economic policies, tax structure, and development plans further shape the business environment surrounding 3 University Plaza Drive. For instance, if Hackensack promotes incentives for businesses, it could impact occupancy rates and property values at this address. Conversely, economic downturns in the city could negatively affect businesses operating at this location.
Consider a hypothetical company located at 3 University Plaza Drive. Its ability to attract and retain employees might depend on Hackensack’s quality of life, including schools, housing, and cultural attractions. The company’s logistics could rely on Hackensack’s transportation infrastructure, including highway access and public transit. Furthermore, the company’s success might be influenced by the overall economic health of Hackensack and its surrounding region. A thriving local economy could generate increased demand for the company’s products or services, while a struggling economy could pose challenges. Even the city’s reputation and image can affect the perceived prestige of a business address within its limits.
Understanding the interconnectedness of a specific address and its broader location is crucial for businesses and individuals operating within that space. Hackensacks specific attributes, both positive and negative, directly influence the practical implications of conducting business at 3 University Plaza Drive. Recognizing these influences allows for informed decision-making regarding location selection, business strategy, and investment considerations.
2. Building type
The designation of 3 University Plaza Drive, Hackensack, NJ as “Office/Commercial” significantly impacts its function and potential occupants. This classification shapes the types of businesses that operate within the building, influences its design and layout, and affects its overall value and appeal within the commercial real estate market. Understanding the implications of this building type provides valuable context for evaluating its role within the local economy and its suitability for various business needs.
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Business Suitability
The “Office/Commercial” classification allows for a diverse range of businesses to operate within 3 University Plaza Drive. Potential tenants could include professional services firms (legal, accounting, consulting), corporate offices, healthcare providers, technology companies, and other commercial enterprises. This flexibility broadens the potential tenant pool and contributes to a dynamic business environment. For example, a law firm might require private offices and meeting rooms, while a tech startup might prefer an open-plan layout. The building’s capacity to accommodate these varying needs is a key factor in its marketability.
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Design and Infrastructure
Buildings designated as “Office/Commercial” typically incorporate specific design elements and infrastructure to meet the needs of businesses. These features often include ample parking, high-speed internet access, HVAC systems suitable for office environments, and flexible floor plans to accommodate various configurations. The presence or absence of amenities such as loading docks, freight elevators, or specialized electrical systems further defines the suitability of the space for different types of businesses. For instance, a distribution company might require loading docks, while a software development firm might prioritize high-speed internet connectivity.
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Regulatory Compliance
The “Office/Commercial” classification subjects 3 University Plaza Drive to specific zoning regulations and building codes. These regulations dictate aspects such as permitted uses, occupancy limits, fire safety requirements, and accessibility standards. Compliance with these regulations is essential for legal operation and ensures the safety and well-being of occupants and visitors. For example, a building intended for office use might have different fire safety requirements than a building designated for retail or industrial purposes.
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Economic Impact
The presence of an “Office/Commercial” building like 3 University Plaza Drive can contribute significantly to the local economy. It provides employment opportunities, generates tax revenue, and supports local businesses that provide services to the building’s tenants and employees. The economic impact is influenced by the types of businesses operating within the building, the number of employees they hire, and the overall success of these businesses. For instance, a large corporation establishing its headquarters at this address could have a significant positive impact on the local economy, while a struggling business might have a minimal impact or even a negative impact if it closes down.
In conclusion, understanding the “Office/Commercial” classification of 3 University Plaza Drive is crucial for assessing its potential and limitations. This designation influences its suitability for various businesses, its design and infrastructure, its adherence to regulatory requirements, and its overall economic impact. By considering these factors, prospective tenants, investors, and community members can gain a more comprehensive understanding of the building’s role within the local landscape.
3. Address
“3 University Plaza Drive, Hackensack, NJ” functions as more than a simple address; it represents a precise geographical location with specific implications for businesses, individuals, and the community. Understanding the nuances of this address requires examining its components and their significance within the broader context of Hackensack, NJ, and the surrounding region. This precise location plays a crucial role in accessibility, property value, logistical operations, and overall business image.
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Geocoding and Mapping
Geocoding translates this address into geographic coordinates, enabling precise mapping and location-based services. This facilitates navigation, delivery services, and integration with online mapping platforms. The accuracy of geocoding ensures that businesses operating at this address can be easily found by customers and service providers. For emergency services, accurate geocoding is essential for rapid response.
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Property Identification and Ownership
This specific address uniquely identifies a particular property within Hackensack. This is crucial for legal documentation, property ownership records, and tax assessment. The precise address distinguishes this property from neighboring buildings and ensures clear ownership and responsibility for maintenance and compliance with local regulations. This clarity is essential for real estate transactions, insurance purposes, and legal proceedings.
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Accessibility and Logistics
The address facilitates accessibility for employees, customers, and deliveries. Proximity to transportation infrastructure, including highways, public transit, and airports, influences the efficiency of logistical operations and the convenience for individuals accessing the location. Understanding the address’s accessibility is crucial for businesses reliant on efficient supply chains and for employees commuting to the location. It also impacts the attractiveness of the location for customers.
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Business Identity and Image
An address can contribute to a business’s identity and image. Locating at “3 University Plaza Drive” might convey a sense of professionalism, stability, and association with a particular business district. The address becomes part of the business’s branding and can influence how clients and partners perceive the organization. This perception can be particularly relevant for businesses in industries where image and reputation are paramount.
In conclusion, the precise location denoted by “3 University Plaza Drive, Hackensack, NJ” extends beyond a simple street address. It encompasses various facets crucial for business operations, property ownership, accessibility, and brand image. Each of these components interacts to shape the overall significance of this address within its geographic and economic context. For businesses considering this location, understanding these factors is paramount for making informed decisions about operations, logistics, and long-term success.
4. Accessibility
Transportation access significantly impacts the viability and desirability of a commercial location such as 3 University Plaza Drive, Hackensack, NJ. Convenient access to various transportation modes influences employee commutes, client visits, logistical operations, and overall connectivity to the broader regional economy. Evaluating transportation access requires considering proximity to major roadways, public transit options, and accessibility for various modes of transportation.
Proximity to major roadways like Interstate 80 or Route 4 facilitates convenient access for those traveling by car. Efficient highway access streamlines deliveries, reduces transportation costs for businesses, and expands the potential customer base by enabling individuals from a wider geographic area to reach the location easily. Conversely, limited highway access can lead to traffic congestion, increased commute times, and logistical challenges. Availability of public transportation options, including bus routes and proximity to train stations, further enhances accessibility. Robust public transit options provide alternative commuting solutions for employees, reduce reliance on personal vehicles, and promote sustainable transportation practices. A location well-served by public transit attracts a broader talent pool and caters to a wider range of commuting preferences.
Furthermore, considerations extend beyond traditional commuting methods. Accessibility for pedestrians and cyclists promotes healthy commuting alternatives and caters to individuals who prefer these modes of transportation. Availability of bicycle storage, pedestrian walkways, and safe crossing areas contributes to a more accessible and sustainable environment. For a commercial location like 3 University Plaza Drive, incorporating these features enhances its appeal to a wider range of tenants and contributes to a more inclusive and environmentally conscious business environment. Adequate parking facilities also play a critical role in accessibility. Sufficient parking accommodates employees, visitors, and clients, reducing potential frustrations and ensuring a seamless experience for those accessing the building.
In summary, comprehensive transportation access is a critical factor influencing the desirability and functionality of 3 University Plaza Drive. Evaluating accessibility requires considering a multitude of factors, including proximity to major roadways, public transit options, pedestrian and cyclist infrastructure, and parking availability. A location with well-developed transportation infrastructure attracts a diverse workforce, facilitates efficient business operations, and enhances overall connectivity within the region. Understanding the transportation access dynamics at this specific location is essential for businesses considering tenancy, individuals evaluating employment opportunities, and investors assessing the long-term value of the property.
5. Business Hub
The potential of 3 University Plaza Drive, Hackensack, NJ, to function as a business hub hinges on the networking opportunities it affords. Networking, the cultivation of professional relationships, is essential for business growth, information exchange, and career advancement. The presence of multiple businesses within a shared location like 3 University Plaza Drive creates a fertile ground for networking activities. This potential, however, is contingent on several factors, including the types of businesses present, the presence of shared spaces, and the overall business culture fostered within the building.
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Proximity and Interaction
Physical proximity increases the likelihood of informal interactions among employees of different businesses. Shared amenities such as elevators, lobbies, or common areas provide opportunities for spontaneous conversations and relationship building. For instance, encountering a representative from a complementary business in the elevator could lead to a collaborative project. Regular interaction fosters a sense of community and facilitates the exchange of information and resources.
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Shared Events and Activities
Organized events within the building, such as workshops, conferences, or social gatherings, offer structured networking opportunities. These events provide a platform for businesses to showcase their expertise, connect with potential clients or partners, and foster a sense of community among tenants. For example, a shared holiday party could foster camaraderie among employees from different companies. The building management’s role in facilitating such events can significantly impact networking potential.
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Industry Clustering
If 3 University Plaza Drive attracts businesses within a specific industry or related sectors, it creates an environment conducive to specialized networking. Such clustering facilitates knowledge sharing, attracts industry-specific events, and fosters a sense of shared purpose among tenants. For instance, a building housing multiple technology firms could become a hub for tech networking events. This specialized environment can attract talent and investment within that particular industry.
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Building Management Role
Proactive building management can actively foster a networking environment. Facilitating communication among tenants, organizing networking events, and providing shared spaces designed to encourage interaction contribute significantly to the building’s potential as a business hub. A building manager who actively connects tenants can catalyze networking opportunities. The absence of such facilitation can hinder the development of a thriving business community.
The extent to which 3 University Plaza Drive realizes its potential as a business hub depends on the interplay of these factors. While the physical proximity of businesses provides a foundation for networking, active engagement by tenants and building management is essential to cultivate a thriving business community. Analyzing these dynamics offers valuable insights for businesses considering tenancy, investors evaluating property potential, and individuals seeking career opportunities within this specific location. Ultimately, the networking potential at 3 University Plaza Drive contributes significantly to its overall value proposition within the Hackensack business landscape.
6. Local economy
The presence of a commercial property like 3 University Plaza Drive in Hackensack, NJ, exerts a multifaceted influence on the local economy, contributing to the city’s commerce in several ways. Occupancy by businesses generates property tax revenue for the city, a crucial source of funding for public services. The businesses operating within the building also contribute through sales taxes, if applicable, further bolstering municipal revenue streams. This revenue supports essential city services such as schools, infrastructure maintenance, and public safety, directly impacting the quality of life for residents.
Furthermore, businesses at 3 University Plaza Drive create employment opportunities for local residents, reducing unemployment rates and injecting wages back into the local economy. Employees’ spending within the community supports local businesses, generating a multiplier effect that stimulates economic activity beyond the immediate confines of the property. For example, employees frequenting nearby restaurants and shops during lunch breaks contribute to the revenue of those establishments. Additionally, the presence of businesses often attracts ancillary services, such as cleaning services, maintenance companies, and food vendors, creating further economic opportunities within the local area.
Attracting and retaining businesses at 3 University Plaza Drive requires a favorable local economic climate. Factors such as a skilled workforce, reasonable tax rates, efficient infrastructure, and a supportive regulatory environment contribute to the location’s attractiveness to businesses. Conversely, economic downturns or unfavorable business conditions can lead to vacancies, impacting property values and reducing the building’s contribution to the city’s commerce. The success of businesses within this specific property reflects the overall economic health of the city. A thriving business environment at 3 University Plaza Drive signals economic vitality, attracting further investment and contributing to a positive feedback loop that benefits the entire community. Conversely, struggles faced by businesses at this location can serve as an indicator of broader economic challenges facing Hackensack.
7. Real estate
Property value considerations are integral to understanding the significance of a specific commercial address like 3 University Plaza Drive, Hackensack, NJ. Several factors influence the property’s value, including location within Hackensack, building characteristics, lease terms and occupancy rates, local market conditions, and broader economic trends. These elements interact dynamically, impacting investment decisions, lease negotiations, and the overall financial viability of businesses operating within the building.
Location within Hackensack plays a significant role. Proximity to transportation hubs, amenities, and other businesses influences desirability and, consequently, value. Building characteristics, such as age, construction quality, available amenities, and technological infrastructure, further contribute to value assessment. Modern, well-maintained buildings with updated infrastructure tend to command higher values. Lease terms and occupancy rates directly impact property income generation, influencing valuation. High occupancy rates with favorable lease terms suggest strong demand and contribute positively to value. Local market conditions, such as supply and demand dynamics within the Hackensack commercial real estate market, also exert influence. A market with high demand and limited supply tends to drive property values upward. Broader economic trends, including interest rates, inflation, and economic growth projections, exert overarching influence on property markets, impacting valuation at a macro level. For example, rising interest rates can increase borrowing costs, potentially dampening investment activity and impacting property values.
Understanding these interconnected factors provides valuable insights for various stakeholders. Potential investors utilize property valuations to assess investment potential and make informed decisions. Businesses considering leasing space at 3 University Plaza Drive rely on property value considerations to negotiate favorable lease terms and assess long-term occupancy costs. Lenders utilize property valuations to assess risk and determine loan terms. Accurate property valuation is crucial for sound financial decision-making. Overvaluation can lead to unsustainable investment strategies, while undervaluation can result in missed opportunities. Therefore, careful consideration of all contributing factors is essential for a comprehensive and realistic assessment of property value at 3 University Plaza Drive. This understanding contributes to a more informed and nuanced perspective on the property’s significance within the broader context of the Hackensack real estate market and the local economy.
Frequently Asked Questions
This FAQ section addresses common inquiries regarding the commercial property at 3 University Plaza Drive, Hackensack, NJ. The information provided aims to offer clarity and context for those interested in this specific location.
Question 1: What types of businesses are typically found at this address?
Office and commercial businesses occupy this address. Common examples include professional services firms (legal, accounting, consulting), corporate offices, and healthcare providers. The specific tenant mix can vary over time.
Question 2: How accessible is this location via public transportation?
Accessibility via public transportation depends on the specific transportation network in Hackensack, NJ. Researching available bus routes, proximity to train stations, and other public transit options is recommended to assess convenience.
Question 3: What is the parking situation like at this address?
Parking availability varies depending on the building’s specific provisions. Inquiries regarding parking options, including visitor parking, should be directed to the building management or leasing agents.
Question 4: What is the general cost of leasing office space in this area?
Lease costs in the area fluctuate based on market conditions, specific building amenities, and lease terms. Consulting local real estate brokers specializing in commercial properties provides the most accurate and up-to-date information.
Question 5: What is the history of the building at 3 University Plaza Drive?
Information on the building’s history, including construction date, previous occupants, and any significant renovations, can often be obtained through local historical societies, city archives, or online property databases.
Question 6: How does the location contribute to the local economy?
Businesses operating at this address contribute to the local economy through job creation, property taxes, and supporting local businesses. The specific economic impact depends on the size and type of businesses located within the building.
These FAQs provide a general overview. Further research and direct inquiries are recommended for specific needs and concerns. Contacting local real estate agents specializing in commercial properties or the building management directly can provide more detailed and personalized information.
Further exploration might include analyzing local demographics, economic activity in the area, and the specific advantages this location offers businesses.
Tips for Businesses Considering 3 University Plaza Drive, Hackensack, NJ
Strategic planning is essential when selecting a business location. These tips offer guidance for organizations evaluating 3 University Plaza Drive in Hackensack, NJ, as a potential site.
Tip 1: Conduct Thorough Due Diligence: Comprehensive research is crucial. Investigate the building’s history, ownership, and any potential legal or environmental concerns. Review lease agreements carefully, paying attention to terms, conditions, and any hidden costs.
Tip 2: Assess Transportation Accessibility: Evaluate commute times and transportation options for employees and clients. Consider proximity to major highways, public transit, and airport access. Factor in potential traffic congestion and parking availability.
Tip 3: Analyze the Local Business Environment: Research the local economy, industry clusters, and competition in the area. Determine whether the surrounding businesses complement or compete with the organization’s operations.
Tip 4: Evaluate Building Infrastructure and Amenities: Assess the building’s technological capabilities, including internet speed, phone systems, and security features. Consider the availability of meeting rooms, common areas, and other amenities that support business operations.
Tip 5: Consider Long-Term Growth Plans: Project future space requirements and scalability options within the building. Ensure the chosen space can accommodate potential expansion and evolving business needs.
Tip 6: Factor in Operating Costs: Analyze all associated costs, including rent, utilities, maintenance fees, and property taxes. Develop a comprehensive budget to ensure financial viability and sustainability.
Tip 7: Consult with Local Real Estate Experts: Seek guidance from experienced commercial real estate brokers familiar with the Hackensack market. Leverage their expertise to negotiate favorable lease terms and navigate the local regulatory landscape.
Careful consideration of these factors enables informed decision-making regarding location selection. A strategic approach to site selection positions organizations for long-term success and minimizes potential risks.
By implementing these strategies, businesses can effectively evaluate 3 University Plaza Drive and determine its suitability as a location that supports operational efficiency, growth objectives, and overall business success within the Hackensack, NJ, market.
3 University Plaza Drive, Hackensack, NJ
This exploration of 3 University Plaza Drive, Hackensack, NJ, has provided a comprehensive overview of its significance within the local context. Key factors analyzed include its function as a precise address within a specific municipality, accessibility considerations, potential as a business hub, contribution to the local economy, and property value implications. Understanding these interconnected elements provides valuable insights for businesses considering this location, investors assessing potential opportunities, and individuals seeking employment or services within this specific area.
The strategic importance of location selection for business success warrants careful consideration of all relevant factors. 3 University Plaza Drive presents a specific set of opportunities and challenges within the dynamic landscape of Hackensack, NJ. Thorough due diligence, market analysis, and strategic planning are essential for leveraging the potential advantages and mitigating potential risks associated with this particular address. Ultimately, informed decision-making based on a comprehensive understanding of these factors contributes to long-term business sustainability and success.
