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
$6,250,000
$26/SF
Building Size
239,200 SF
Asset Type
Industrial
Closing
May 12, 2022
AI
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.
Pawtucket 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
2.54%
Cash-on-Cash
-0.73%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93