facebook
Traded Co logo
Submit

Rinaldi Pease Operations LLC Acquires Fall River, MA Multi Family Portfolio For $1.8M

Property Image
SOLD
$1,800,000
Dennis Kelleher

Massachusetts

See Similar Deals
MultiFamily63,956 SF
Sold 08/24/2022
the dealplayerscompscontact
Property Image
SOLD

Rinaldi Pease Operations LLC Acquires Fall River, MA Multi Family Portfolio For $1.8M

254 Fourth Street, 270 Fourth Street, 276 Fourth Street & 195 Rodman Street

See Similar Deals
MultiFamily63,956 SF
Sold 08/24/2022
Dennis Kelleher
Contact now

Summary

MASSACHUSETTS
Asset Type:MultiFamily
Price Per Square Foot:$28
Total Square Footage:63,956 SF
Transaction Type:Sale

Four multi-family buildings located at 254 Fourth Street, 270 Fourth Street, 276 Fourth Street, and 195 Rodman Street in Fall River, MA have been sold in a portfolio transaction. The buyer, Rinaldi Pease Operations LLC, acquired the properties from Cougar Capital for a total sale price of $1,800,000. The portfolio consists of 48 units, with an average price per unit of $37,500. The total square footage of the buildings amounts to 15,989, resulting in a price per square foot of $113.

Summary of transaction details

  • Property Type: Multi Family
  • Transaction Amount: $1,800,000
  • Units: 48
  • Price per Unit: $37,500
  • Square Footage: 15,989
  • Price per Square Foot: $113
  • Market: Fall River, MA

The sale was facilitated by Spencer Smith and Dennis Kelleher of Horvath & Tremblay, representing the seller, Cougar Capital. For more information about this portfolio sale, interested parties can contact Spencer Smith at 781-776-4541.

Players

Dennis Kelleher
93 deals$541.1M volume
BROKER

Spencer Smith
Horvath & Tremblay
19 deals$44.2M volume
BROKER


SELLER

Details

SOLD
IMAGE: Spencer Smith & Dennis Kelleher DATE: 08/24/2022 ADDRESS: 254 Fourth Street, 270 Fourth Street, 276 Fourth Street & 195 Rodman Street MARKET: Fall River, MA ASSET TYPE: Multi Family BUYER: Rinaldi Pease Operations LLC SELLER: Cougar Capital SELLER'S REP: Spencer Smith (@SpencerMichaelSmith_) & Dennis Kelleher - Horvath & Tremblay SALE PRICE: $1,800,000 UNITS: 48 ~ PPU: $37,500 SF: 15989 ~ PPSF $113 NOTE FROM BROKERS: Four Building Portfolio Sale 48 Units Contact Info Spencer Smith - 781-776-4541

Stay in the Know

Subscribe for insider commercial real estate news, deal highlights, and market insights—delivered straight to your inbox.

By subscribing, you agree to our Terms of Service and Privacy Policy.

Similar Deals

Contact

Get in touch with the broker you want

Suggestions
CRE CalculatorAnalyze deals based on income, expenses, and financing. We automatically filled the calculator with data from the deal you are viewing, fill free to modify it to see how it affects the results.
Deal Type
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)

$96,000.00

Debt Service Coverage Ratio (DSCR)

0.94x

Cap Rate

5.33%

Cash Flow (Annual)-$6,395.02
Cash-on-Cash Return-1.27%
Monthly Debt Service$8,532.92
Annual Debt Service$102,395.02