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1 Ann and Hope Way, Cumberl...

Marcus & Millichap Sells Industrial Property In Cumberland, RI For $3.5M
SOLDIndustrial

Marcus & Millichap Sells Industrial Property In Cumberland, RI For $3.5M

1 Ann and Hope Way, Cumberland, Rhode Island 02864, United States

$3,500,000

Building Size

Asset Type

Industrial

Closing

Jan 25, 2022

AI

The industrial property located at 1 Ann & Hope Way in Cumberland, RI has been sold. The sale took place on January 26, 2022. The property was listed and represented by brokers Harrison Klein, Laurie Ann (L.A.) Drinkwater, CCIM, Seth J. Richard, and John Horowitz from Marcus & Millichap. The property was sold for a total price of $3,500,000.

Summary of transaction details:

  • Property Type: Industrial
  • Transaction Amount: $3,500,000
  • Date: January 26, 2022
  • Address: 1 Ann & Hope Way, Cumberland, RI
  • Market: Cumberland, RI

The deal involved brokers Harrison Klein, Laurie Ann (L.A.) Drinkwater, CCIM, Seth J. Richard, and John Horowitz, who represented the seller and buyer in the transaction. They provided their expertise and negotiation skills to facilitate the sale of the industrial property in Cumberland. The transaction showcases their professional capabilities and the trust placed in Marcus & Millichap as a reputable agency.

Players

Laurie Ann Drinkwater

Marcus & Millichap

Broker

$75M

vol

13 deals

Broker

Cumberland Industrial Market Snapshot

Boundary boundary · Industrial · Sale transactions

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Purchase Price

Annual NOI

Loan Amount

Interest Rate (%)

Loan Term (yrs)

Down Payment (%)

Cap Rate

4.53%

Cash-on-Cash

-1.30%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93