Updated Oct 28, 2024
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
About this deal
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