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41 Commercial Way, East Pro...

Updated Oct 28, 2024

JAR Enterprises, LLC Acquires Industrial Property In East Providence, RI For $2.1M
SOLDIndustrial

JAR Enterprises, LLC Acquires Industrial Property In East Providence, RI For $2.1M

41 Commercial Way, East Providence, Rhode Island 02914, United States

$2,155,000

$85/SF

Building Size

25,280 SF

Asset Type

Industrial

Closing

Jan 25, 2022

About this deal

AI

Located at 41 Commercial Way in East Providence, RI, this industrial property spans across 2.88 acres. The transaction took place on January 14, 2022, and the property was sold for a total of $2,155,000. With a total square footage of 25,280, the price per square foot amounted to $85. The buyer in this deal was JAR Enterprises, LLC, while the seller was Ballast Point Realty, LLC. Representing the parties involved in the transaction were Julie Freshman and Mike Giuttari of MG Commercial.

Summary of transaction details:

  • Property Type: Industrial
  • Transaction Amount: $2,155,000
  • Address: 41 Commercial Way, East Providence, RI
  • Market: East Providence, RI
  • Acres: 2.88
  • Buyer: JAR Enterprises, LLC
  • Seller: Ballast Point Realty, LLC
  • Broker: Julie Freshman & Mike Giuttari - MG Commercial
  • Square Footage: 25,280
  • Price per Square Foot: $85

Julie Freshman and Mike Giuttari, representing MG Commercial, played a pivotal role in facilitating this transaction. Their expertise and guidance helped ensure a successful deal between the buyer and the seller.

On the Map

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$2,155,000

$85/SF

Industrial

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Players

Mike Giuttari

Broker

$25.3M

vol

6 deals

Broker

East Providence Industrial Market Snapshot

Boundary boundary · Industrial · Sale transactions

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Deal FAQ

About $85 per square foot on a published $2.2M for 25,280 square feet (2022).

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Purchase Price

Annual NOI

Loan Amount

Interest Rate (%)

Loan Term (yrs)

Down Payment (%)

Cap Rate

7.36%

Cash-on-Cash

-2.10%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93

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