Updated Oct 28, 2024
165 Dean Knauss Realty Holding Acquires Industrial Property In Narragansett, RI For $1.65M With Broker Gregory Arakelian
165 Dean Knauss Drive, Narragansett, Rhode Island 02882, United States
$1,650,000
$144/SF
Building Size
11,431 SF
Asset Type
Industrial
Closing
Jan 13, 2022
About this deal
AI
A 11,431 square foot industrial property located at 165 Dean Knauss Dr in Narragansett, RI has been sold for $1,650,000. The sale took place on January 14, 2022. The property was purchased by 165 Dean Knauss Realty Holding Inc from Prosper Sound LLC. Gregory Arakelian from Lila Delman Compass represented both parties in the transaction.
Summary of transation details
- Property Type: Industrial
- Transaction Amount: $1,650,000
- Address: 165 Dean Knauss Dr, Narragansett, RI
- Market: Narragansett, RI
- Buyer: 165 Dean Knauss Realty Holding Inc
- Seller: Prosper Sound LLC
- Broker: Gregory Arakelian - Lila Delman Compass
- Square Footage: 11,431
- Price per Square Foot: $144
This transaction brings together 165 Dean Knauss Realty Holding Inc, the buyer of the industrial property, and Prosper Sound LLC, the seller. The deal was facilitated by Gregory Arakelian from Lila Delman Compass. The property, located at 165 Dean Knauss Dr in Narragansett, RI, offers a total of 11,431 square feet of space and was sold for a price of $1,650,000 with a price per square foot of $144.
Players
Narragansett 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
9.61%
Cash-on-Cash
-2.75%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93