Marcus & Millichap Sells BrightPath Childcare Center In Parsippany For $4.3M

A net-leased BrightPath Childcare Center located at 70 Old Bloomfield Avenue in Parsippany was sold for $4,300,000. The property encompasses 11,266 square feet and has a price per square foot of $382. It was constructed in 2014 and includes 41 parking spaces.

Summary of transaction details:

• Property Type: School
• Transaction Amount: $4,300,000
• Square Footage: 11,266
• Price per Square Foot: $382
• Address: 70 Old Bloomfield Avenue
• Market: Parsippany

The transaction was brokered by Alan Cafiero, David Cafiero, John Moroz, and Brent Hyldahl of Marcus & Millichap. The identities of the buyer and seller were not disclosed.