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
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