Capstone Properties Leases 28,727 SF Industrial Property At 1 Carding Ln To Fisher Auto Parts
1 Carding Ln Johnston, RI 02919, USA
$23
$23/SF
Building Size
28,727 SF
Asset Type
Industrial
Closing
Jul 14, 2023
AI
A 28,727 square-foot warehouse located at 1 Carding Lane in Johnston, RI, has been successfully leased. The property, an industrial asset, was leased by Fisher Auto Parts of Virginia. The lease was facilitated by Capstone Properties, led by Neil Amper.
Summary of transation details
- Property Type: Industrial
- Transaction Amount: Not mentioned
- Address: 1 Carding Lane, Johnston, RI
- Tenant: Fisher Auto Parts
- Broker: Neil Amper - Capstone Properties
- Asking Rent: $23 per square foot
- Square Footage: 28,727
- Market: Johnston, RI
Capstone Properties, with Neil Amper representing the agency, successfully brokered the lease for Fisher Auto Parts. The details regarding the value of the transaction were not disclosed.
Players
Johnston Industrial Market Snapshot
Boundary boundary · Industrial · Lease transactions
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
689695.65%
Cash-on-Cash
-197117.13%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93