Updated Mar 13, 2025
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
About this deal
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.
On the Map
$4,500,000
$79/SF
Industrial
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Players
Cranston 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
3.53%
Cash-on-Cash
-1.01%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93