Updated Oct 28, 2024
Phillipsdale Holdings, LLC Acquires Industrial Property In Rumford, RI For $8.3M
310 Bourne Avenue, Rumford, Rhode Island 02916, United States
$8,300,000
$24/SF
Building Size
340,000 SF
Asset Type
Industrial
Closing
Mar 10, 2022
About this deal
AI
An industrial property located at 310 Bourne Ave in Rumford, RI has been sold for a price of $8,300,000. The property spans across 340,000 square feet, resulting in a price per square foot of $24. The sale took place on 03/11/2022.
Summary of transation details
- Property Type: Industrial
- Transaction Amount: $8,300,000
- Address: 310 Bourne Ave, Rumford, RI
- Square Footage: 340,000
- Price Per Square Foot: $24
- Market: Rumford, RI
The buyer of the property is Phillipsdale Holdings, LLC, while the seller is Bourne Holdings LLC. The deal was facilitated by brokers Julie Freshman and Mike Giuttari from MG Commercial.
On the Map
$8,300,000
$24/SF
Industrial
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Players
Rumford 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
1.91%
Cash-on-Cash
-0.55%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93