Sweeney Real Estate Brokers Industrial Property Sale In East Providence For $1.65M
SOLD
$1,650,000
Rhode Island
See Similar DealsIndustrial29,000 SF
Sold 11/13/2020
SOLD
Sweeney Real Estate Brokers Industrial Property Sale In East Providence For $1.65M
155 Amaral Street, Riverside, RI, USA
See Similar DealsIndustrial29,000 SF
Sold 11/13/2020
Summary
RHODE ISLAND
Asset Type:Industrial
Price Per Square Foot:$56
Total Square Footage:29,000 SF
Transaction Type:Sale
The industrial property located at 155 Amaral Street in East Providence, RI has been sold in a recent transaction. The property spans 29,000 square feet and was sold for a price of $1,650,000, resulting in a price per square foot of $57.
Summary of transation details
- Property Type: Industrial
- Transaction Amount: $1,650,000
- Date: 11/13/2020
- Market: East Providence, RI
- BROKERS: Thomas Sweeney & Kevin Casey - Sweeney Real Estate
The deal was facilitated by brokers Thomas Sweeney and Kevin Casey from Sweeney Real Estate. They represented the buyer and seller in the transaction, ensuring its successful completion.
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$88,000.01
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$5,862.09
Cash-on-Cash Return-1.27%
Monthly Debt Service$7,821.84
Annual Debt Service$93,862.10
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