Updated Oct 28, 2024
1280 Jefferson Blvd Industrial Property In Warwick, RI Sold For $3.1M
1280 Jefferson Boulevard, Warwick, Rhode Island 02886, United States
$3,100,000
$51/SF
Building Size
60,000 SF
Asset Type
Industrial
Closing
Dec 10, 2021
About this deal
AI
An industrial property located at 1280 Jefferson Blvd in Warwick, RI has been sold for a price of $3,100,000. The property spans across an area of 2.5 acres and features a total of 60,000 square feet. The sale price per square foot amounts to $52.
Summary of transaction details
- Property Type: Industrial
- Sale Price: $3,100,000
- Square Footage: 60,000
- Price per Square Foot: $52
- Date: 12/10/2021
- Address: 1280 Jefferson Blvd, Warwick, RI
- Market: Warwick, RI
The seller in this transaction is 1280 Jefferson Boulevard, LLC. The deal was facilitated by Mike Giuttari from MG Commercial Real Estate.
Players
Warwick 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
5.12%
Cash-on-Cash
-1.46%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93