Legacy Real Estate Ventures Acquires Industrial Property In Bristol, RI For $5.9M
33 Broad Common Road, Bristol, Rhode Island 02809, United States
$5,900,000
$73/SF
Building Size
80,000 SF
Asset Type
Industrial
Closing
Nov 14, 2021
AI
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
Bristol 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
2.69%
Cash-on-Cash
-0.77%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93