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100 Technology Way, Smithfi...

Davis Cos Acquires 15.5 Acre Industrial Property In Smithfield, RI For $18.5M
SOLDIndustrial

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.

Players

Quentin Reynolds

Davis Cos

Buyer

$307.1M

vol

3 deals

Buyer

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