Eric Edelman Acquires Industrial Asset From Eleanor Brynes In Providence For $4M
118 Manton Avenue
$4,000,000
$11/SF
Building Size
350,000 SF
Asset Type
Industrial
Closing
Jun 25, 2025
AI
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.
Players
Providence 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
3.97%
Cash-on-Cash
-1.13%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93