FV, LLC Purchases Industrial Building At 21 Amflex Drive Cranston For $4.5M
21 Amflex Drive
$4,500,000
$79/SF
Building Size
56,630 SF
Asset Type
Industrial
Closing
Jan 17, 2025
AI
An industrial property located at 21 Amflex Drive in Cranston, RI, has been sold for $4,500,000. The asset covers 3.95 acres and comprises a total of 56,630 square feet. The price per square foot for this transaction was $79.
Summary of transation details:
- Property Type: Industrial
- Transaction Amount: $4,500,000
- Address: 21 Amflex Drive
- Market: Cranston, RI
- Acres: 3.95
- Square Footage: 56,630
- Price per Square Foot: $79
- Buyer: FV, LLC
- Seller: Alga Reality Associates
- Buyer's Representative: George Paskalis & Julie Freshman - MG Commercial
- Seller's Representative: Jeff Finan & Karl Sherry - Hayes & Sherry
This transaction involved the brokerage services of Hayes & Sherry, who represented the seller, Alga Reality Associates, while MG Commercial acted on behalf of the buyer, FV, LLC. The deal was finalized on January 17, 2025.
Players
Cranston Industrial Market Snapshot
Boundary boundary · Industrial · Sale transactions
Loading comparables…
Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
3.53%
Cash-on-Cash
-1.01%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93