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
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