FPA Multifamily, LLC Acquires Mixed-use Property In Providence, RI For $26.9M

The property asset involved is a mixed-use building located at 166 Valley Street, Providence, RI, which sold for $26,940,000. The building comprises 135 units, totaling a square footage of 147,000, resulting in a price per unit of $199,556 and a price per square foot of $183.

Summary of transaction details:

• Property Type: Mixed-use
• Transaction Amount: $26,940,000
• Units: 135
• Square Footage: 147,000
• Price Per Unit: $199,556
• Price Per Square Foot: $183
• Buyer: FPA Multifamily, LLC
• Seller: The Armory Revival Co.
• Brokers: Chris Sower, Jon Bryant, Bruce Lusa, John Flaherty, and Kevin Jones - Cushman & Wakefield

The transaction involved key individuals representing both the buyer and seller, with FPA Multifamily, LLC acquiring the property from The Armory Revival Co. The brokerage team included Chris Sower, Jon Bryant, Bruce Lusa, John Flaherty, and Kevin Jones, who facilitated the deal under the auspices of Cushman & Wakefield.