Legacy Real Estate Ventures Acquires Industrial Property In Bristol, RI For $5.9M
SOLD
$5,900,000
Rhode Island
See Similar DealsIndustrial80,000 SF
Sold 11/15/2021
SOLD
Legacy Real Estate Ventures Acquires Industrial Property In Bristol, RI For $5.9M
33 Broad Common Road, Bristol, Rhode Island 02809, United States
See Similar DealsIndustrial80,000 SF
Sold 11/15/2021
Summary
RHODE ISLAND
Asset Type:Industrial
Price Per Square Foot:$73
Total Square Footage:80,000 SF
Transaction Type:Sale
The industrial property located at 33 Broadcommon Road in Bristol, RI has been sold in a transaction. The property spans 80,000 square feet and was sold for a price of $5,900,000, resulting in a price per square foot of $74. The seller of the property was Starboard Tack, LLC.
Summary of transation details
- Property Type: Industrial
- Transaction Amount: $5,900,000
- Address: 33 Broadcommon Road, Bristol, RI
- Market: Bristol, RI
The buyer of the property was Legacy Real Estate Ventures, represented by Michael Price & Jennifer Price. The transaction was facilitated by broker Brian Clark.
Players
Details
Stay in the Know
Subscribe for insider commercial real estate news, deal highlights, and market insights—delivered straight to your inbox.
By subscribing, you agree to our Terms of Service and Privacy Policy.
Similar Deals
Contact
Get in touch with the broker you want
Suggestions
CRE CalculatorAnalyze deals based on income, expenses, and financing. We automatically filled the calculator with data from the deal you are viewing, fill free to modify it to see how it affects the results.
Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$314,666.67
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$20,961.45
Cash-on-Cash Return-1.27%
Monthly Debt Service$27,969.01
Annual Debt Service$335,628.12
Is there something missing? Send suggestions