Brasswater Acquires Midland Commons Retail Center In Warwick Rhode Island For $20.5M
650 Bald Hill Road
$20,500,000
$127/SF
Building Size
160,448 SF
Asset Type
—
Closing
May 28, 2026
AI
The property asset involved in the transaction is a retail power center located at 650 Bald Hill Road, Warwick, RI, with a total area of 160,448 square feet on 23.17 acres. The sale was completed for a transaction amount of $20,500,000, resulting in a price per square foot of $128 and a price per acre of $884,765.
Summary of transaction details:
- Property Type: Retail
- Transaction Amount: $20,500,000
- Address: 650 Bald Hill Road
- Market: Warwick, RI
- Asset Size: 160,448 SF
- Acres: 23.17
- Price per SF: $128
- Price per Acre: $884,765
The deal was brokered by Atlantic Retail, with representatives including Justin Smith, Chris Peterson, Sam Koonce, Danielle Turpin, Stephen Joseph, Stephen Hassenflu, and Matt Ericson. The retail center is anchored by tenants such as Dick’s Sporting Goods, Burlington, and Planet Fitness.
Players
Market 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
0.77%
Cash-on-Cash
-0.22%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93