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159 Gano Street, Providence...

Power 250, LLC Acquires Commercial Property In Providence, RI For $1M
SOLDCommercial

Power 250, LLC Acquires Commercial Property In Providence, RI For $1M

159 Gano Street, Providence, RI, USA

$1,000,000

$173/SF

Building Size

5,760 SF

Asset Type

Commercial

Closing

Feb 11, 2021

AI

Located at 159 Gano Street in Providence, RI, this commercial property was recently sold in a closed transaction. The property, spanning 5,760 square feet, was sold for a price of $1,000,000, resulting in a price per square foot of $174. The transaction took place on February 12, 2021.

Summary of transaction details:

  • Property Type: Commercial
  • Transaction Amount: $1,000,000
  • Square Footage: 5,760
  • Price per Square Foot: $174
  • Address: 159 Gano Street, Providence, RI
  • Market: Providence, RI

The buyer in this transaction was Power 250, LLC, while the seller was represented by Eric Schultheis from Sweeney Real Estate & Appraisal. Martin Saklad from Samson Realty, Ltd served as the buyer's representative.

Players

Martin Saklad

Broker

$1M

vol

1 deal

Broker

Providence Commercial Market Snapshot

Boundary boundary · Commercial · Sale transactions

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Purchase Price

Annual NOI

Loan Amount

Interest Rate (%)

Loan Term (yrs)

Down Payment (%)

Cap Rate

15.86%

Cash-on-Cash

-4.53%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93