Updated Oct 29, 2024
G3 Properties Acquires Industrial Building In Woonsocket, RI For $1.65M
220 Founders Drive Woonsocket, Rhode Island 02895, USA
$1,650,000
$79/SF
Building Size
20,876 SF
Asset Type
Industrial
Closing
May 26, 2023
About this deal
AI
An industrial building located at 220 Founders Drive in Woonsocket, RI has been sold for $1.65 million. The property spans 20,876 square feet, resulting in a price per square foot of $79. The buyer, G3 Properties, LLC, acquired the asset with representation from Kevin Casey of Sweeney Real Estate & Appraisal. Eric Schultheis, also from Sweeney Real Estate & Appraisal, acted as the seller's representative in the transaction.
Summary of transaction details
- Property Type: Industrial
- Transaction Amount: $1,650,000
- Address: 220 Founders Drive, Woonsocket, RI
- Market: Woonsocket, RI
- Square Footage: 20,876
- Price Per Square Foot: $79
- Buyer: G3 Properties, LLC
- Brokers: Kevin Casey - Sweeney Real Estate & Appraisal; Eric Schultheis - Sweeney Real Estate & Appraisal (seller's representative)
Eric Schultheis and Kevin Casey of Sweeney Real Estate & Appraisal successfully closed the sale of the industrial property located at 220 Founders Drive in Woonsocket, RI. Casey represented the buyers, G3 Properties, LLC, while Schultheis represented the seller. The transaction was completed for a total price of $1.65 million.
On the Map
$1,650,000
$79/SF
Industrial
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Players
Woonsocket 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