Updated Sep 11, 2026
Bridge Investment Group Acquires Industrial Asset From Brookfield For $28.3M In Morris County
110 Algonquin Parkway
$28,300,000
$247/SF
Building Size
114,265 SF
Asset Type
Industrial
Closing
Aug 13, 2026
About this deal
AI
This industrial property, located at 110 Algonquin Parkway in Morris County, was sold for $28,300,000. It encompasses 114,265 square feet, resulting in a price per square foot of $247.
Summary of transaction details:
- Property Type: Industrial
- Transaction Amount: $28,300,000
- Buyer: Bridge Investment Group
- Seller: Brookfield
- Broker Representatives: Nick Stefans & Jason Lundy - JLL
In this transaction, Bridge Investment Group acquired the property from Brookfield, facilitated by the broker representatives Nick Stefans and Jason Lundy from JLL. The deal highlights the involvement of experienced professionals in the industrial real estate market.
On the Map
$28,300,000
$247/SF
Industrial
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Players
Whippany Industrial Market Snapshot
Boundary boundary · Industrial · Sale transactions
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
0.56%
Cash-on-Cash
-0.16%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93