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
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