BrightPath Daycare (Corporate) | 70 Old Bloomfield Ave
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BrightPath Daycare (Corporate) 70 Old Bloomfield Ave
11,266 SF Retail Building Parsippany, NJ 07054 $4,400,000 ($390.56/SF) 7.43% Cap Rate
INVESTMENT HIGHLIGHTS
- Corporate Guarantee From BrightPath Kids
- Large 1.69 Acre Lot With 41 Parking Spaces
- Long Term Lease With 2.5% Annual Rental Increases
PROPERTY FACTS Under Contract
Sale Type
Investment
Property Type
Retail
Property Subtype
Day Care Center
Building Size
11,266 SF
Building Class
B
Year Built
2014
Price
$4,400,000
Price Per SF
$390.56
Cap Rate
7.43%
NOI
$326,714
Tenancy
Single
Building Height
2 Stories
Building FAR
0.15
Lot Size
1.69 AC
Zoning
R-3
Parking
41 Spaces (3.64 Spaces per 1,000 SF Leased)
NEARBY MAJOR RETAILERS
PROPERTY TAXES
| Parcel Number | 29-00631-0000-00003 | Improvements Assessment | $1,803,900 |
| Land Assessment | $161,700 | Total Assessment | $1,965,600 |
PROPERTY TAXES
Parcel Number
29-00631-0000-00003
Land Assessment
$161,700
Improvements Assessment
$1,803,900
Total Assessment
$1,965,600
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BrightPath Daycare (Corporate) | 70 Old Bloomfield Ave
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