Davis Cos Acquires 15.5 Acre Industrial Property In Smithfield, RI For $18.5M
100 Technology Way, Smithfield, Rhode Island 02917, United States
$18,500,000
$151,639/SF
Building Size
122 SF
Asset Type
Industrial
Closing
Feb 15, 2023
AI
The industrial property located at 100 Technology Way in Smithfield, RI has been sold for a total price of $18,500,000. The property, spanning over 15.5 acres, offers a total of 122,000 square feet of space, resulting in a price per square foot of $152.
Summary of transaction details
- Property Type: Industrial
- Transaction Amount: $18,500,000
- Address: 100 Technology Way, Smithfield, RI
- Market: Smithfield, RI
- Acres: 15.5
- Buyer: Davis Cos - Quentin Reynolds
- SF: 122,000
- PPSF: $152
This transaction was facilitated by Davis Cos, represented by Quentin Reynolds, who acted as the buyer's representative in the deal.
Smithfield 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
0.86%
Cash-on-Cash
-0.25%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93