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1 Energy Way, West Warwick,...

Sansin Corp Acquires Industrial Property In West Warwick, RI For $3.1M
SOLDIndustrial

Sansin Corp Acquires Industrial Property In West Warwick, RI For $3.1M

1 Energy Way, West Warwick, Rhode Island 02893, United States

$3,100,000

$47/SF

Building Size

66,016 SF

Asset Type

Industrial

Closing

May 12, 2022

AI

An industrial property located at 1 Energy Way in West Warwick, RI has recently been sold in a transaction. The sale took place on May 13, 2022, and the property was purchased by Sansin Corp. The seller of the property was Dryvit Inc. The property, spanning 66,016 square feet, was sold for a price of $3,100,000, resulting in a price per square foot of $47. The transaction was facilitated by Neil Amper, SIOR, and Chris Greenman from Capstone Properties.

Summary of transation details

  • Property Type: Industrial
  • Transaction Amount: $3,100,000
  • Address: 1 Energy Way, West Warwick, RI
  • Square Footage: 66,016
  • Buyer: Sansin Corp
  • Seller: Dryvit Inc
  • Brokers: Neil Amper, SIOR & Chris Greenman - Capstone Properties

The deal was successfully closed with the assistance of Neil Amper, SIOR, and Chris Greenman from Capstone Properties. Both the buyer, Sansin Corp, and the seller, Dryvit Inc, were represented by these brokers in the transaction.

Players

Chris Greenman

Capstone Properties

Broker

$9.1M

vol

3 deals

Broker

West Warwick 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

5.12%

Cash-on-Cash

-1.46%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93