Davis Cos Acquires 15.5 Acre Industrial Property In Smithfield, RI For $18.5M
SOLD
$18,500,000
Rhode Island
See Similar DealsIndustrial122 SF
Sold 02/15/2023
SOLD
Davis Cos Acquires 15.5 Acre Industrial Property In Smithfield, RI For $18.5M
100 Technology Way, Smithfield, Rhode Island 02917, United States
See Similar DealsIndustrial122 SF
Sold 02/15/2023
Summary
RHODE ISLAND
Asset Type:Industrial
Price Per Square Foot:$151,639
Total Square Footage:122 SF
Transaction Type:Sale
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.
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$986,666.66
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$65,726.60
Cash-on-Cash Return-1.27%
Monthly Debt Service$87,699.44
Annual Debt Service$1,052,393.26
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