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

The property involved in this closed transaction is a mixed-use asset located at 166 Valley Street in Providence, RI. The sale took place on 02/01/2022.

Summary of transaction details:

• Property Type: Mixed-use
• Transaction Amount: $26,940,000
• Address: 166 Valley Street
• Market: Providence, RI
• Buyer: FPA Multifamily, LLC
• Seller: The Armory Revival Co.
• Brokers: Chris Sower, Jon Bryant, Bruce Lusa, John Flaherty & Kevin Jones - Cushman & Wakefield
• Units: 135
• Price Per Unit (PPU): $199,556
• Square Footage (SF): 147,000
• Price Per Square Foot (PPSF): $183

The buyer, FPA Multifamily, LLC, acquired the property from The Armory Revival Co. The transaction was facilitated by brokers Chris Sower, Jon Bryant, Bruce Lusa, John Flaherty, and Kevin Jones of Cushman & Wakefield.