541 Pawtucket Avenue LLC & 250 Esten Avenue LLC Acquire Industrial Property In Pawtucket, RI For $6.25M
SOLD
$6,250,000
Rhode Island
See Similar DealsIndustrial239,200 SF
Sold 05/13/2022
SOLD
541 Pawtucket Avenue LLC & 250 Esten Avenue LLC Acquire Industrial Property In Pawtucket, RI For $6.25M
250 Esten Avenue, Pawtucket, Rhode Island 02860, United States
See Similar DealsIndustrial239,200 SF
Sold 05/13/2022
Summary
RHODE ISLAND
Asset Type:Industrial
Price Per Square Foot:$26
Total Square Footage:239,200 SF
Transaction Type:Sale
Two industrial properties located at 250 Esten Ave and 541 Pawtucket Ave in Pawtucket, RI, were recently sold for a total price of $6,250,000. The combined square footage of the properties is 239,200, resulting in a price per square foot of $26. The transaction took place on May 13, 2022.
Summary of transaction details
- Property Type: Industrial
- Transaction Amount: $6,250,000
- Square Footage: 239,200
- Price per Square Foot: $26
- Address: 250 Esten Ave, Pawtucket, RI
- Market: Pawtucket, RI
The buyers of these properties are 541 Pawtucket Avenue LLC and 250 Esten Avenue LLC. The deal was facilitated by Thomas Sweeney, SIOR, from Sweeney Real Estate & Appraisal.
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$333,333.32
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$22,204.94
Cash-on-Cash Return-1.27%
Monthly Debt Service$29,628.19
Annual Debt Service$355,538.26
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