Life Storage Acquires Self Storage Property In Pawtucket, RI For $14.2M
555 Prospect Street, Pawtucket, Rhode Island 02860, United States
$14,200,000
$185/SF
Building Size
76,452 SF
Asset Type
—
Closing
Oct 11, 2022
AI
The self-storage property located at 555 Prospect St in Pawtucket, RI has been sold for a total price of $14,200,000. The property spans a total area of 76,452 square feet, resulting in a price per square foot of $186. The transaction took place on 10/12/2022.
Summary of transation details
- Property Type: Self Storage
- Transaction Amount: $14,200,000
- Address: 555 Prospect St, Pawtucket, RI
- Market: Pawtucket, RI
The buyer of the property is Life Storage, while the seller is WSP II Pawtucket LLC.
Players
Pawtucket CRE Market Snapshot
Boundary boundary · CRE · Sale transactions
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
1.12%
Cash-on-Cash
-0.32%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93