Lundgren Equity Partners Acquires Industrial Property In Woonsocket, RI For $6.3M
SOLD
$6,300,000
Rhode Island
See Similar DealsIndustrial50,641 SF
Sold 06/09/2022
SOLD
Lundgren Equity Partners Acquires Industrial Property In Woonsocket, RI For $6.3M
1275 Park East Drive, Woonsocket, Rhode Island 02895, United States
See Similar DealsIndustrial50,641 SF
Sold 06/09/2022
Summary
RHODE ISLAND
Asset Type:Industrial
Price Per Square Foot:$124
Total Square Footage:50,641 SF
Transaction Type:Sale
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.
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$336,000.00
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$22,382.57
Cash-on-Cash Return-1.27%
Monthly Debt Service$29,865.21
Annual Debt Service$358,382.57
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