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1275 Park East Drive, Woons...

Lundgren Equity Partners Acquires Industrial Property In Woonsocket, RI For $6.3M
SOLDIndustrial

Lundgren Equity Partners Acquires Industrial Property In Woonsocket, RI For $6.3M

1275 Park East Drive, Woonsocket, Rhode Island 02895, United States

$6,300,000

$124/SF

Building Size

50,641 SF

Asset Type

Industrial

Closing

Jun 8, 2022

AI

An industrial property located at 1275 Park East Drive in Woonsocket, RI has been sold for a total of $6,300,000. The property spans across 50,641 square feet, resulting in a price per square foot of $124. The sale took place on June 9, 2022.

Summary of transaction details:

  • Property Type: Industrial
  • Transaction Amount: $6,300,000

Lundgren Equity Partners served as the buyer in this transaction, represented by James Glickman, Nolan Ryan, and Cody Miner from NAI Glickman Kovago & Jacobs. On the other side, Faith Realty II LLC acted as the seller, with MG Commercial Real Estate serving as their representative.

Players

James Glickman

NAI Global

Broker

$51.4M

vol

9 deals

Broker
Lundgren Equity Partners, LLC
Lundgren Equity Partners, LLCBuyer

Woonsocket 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

2.52%

Cash-on-Cash

-0.72%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93