Eric Edelman Acquires Industrial Asset From Eleanor Brynes In Providence For $4M
SOLD
$4,000,000
Rhode Island
See Similar DealsIndustrial350,000 SF
Sold 06/25/2025
SOLD
Eric Edelman Acquires Industrial Asset From Eleanor Brynes In Providence For $4M
118 Manton Avenue
See Similar DealsIndustrial350,000 SF
Sold 06/25/2025
Summary
RHODE ISLAND
Asset Type:Industrial
Price Per Square Foot:$11
Total Square Footage:350,000 SF
Transaction Type:Sale
The industrial property located at 118 Manton Avenue in Providence, RI, has been sold for $4,000,000. This asset spans a total of 350,000 square feet, resulting in a price per square foot of $11.
Summary of transaction details:
- Property Type: Industrial
- Transaction Amount: $4,000,000
- Buyer: Eric Edelman
- Seller: Eleanor Brynes
- Broker: Robert Fox & Bob Berle - NAI Advisors
Robert Fox and Bob Berle from NAI Advisors facilitated the transaction, representing both the buyer and seller in this deal, ensuring the completion of the property transfer.
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$213,333.32
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$14,211.17
Cash-on-Cash Return-1.27%
Monthly Debt Service$18,962.04
Annual Debt Service$227,544.49
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