facebook
Traded Co logo
Submit
Daily limit: 0/10

NSD RI Real Estate Acquires Industrial Warehouses In Pawtucket, RI For $8.95M

Property Image
SOLD
$8,950,000

Rhode Island

See Similar Deals
Industrial129,856 SF
Sold 01/01/2024
the dealplayerscompscontact
Property Image
SOLD

NSD RI Real Estate Acquires Industrial Warehouses In Pawtucket, RI For $8.95M

670 Narragansett Park Drive & 710 Narragansett Park Drive

See Similar Deals
Industrial129,856 SF
Sold 01/01/2024
Contact now

Summary

RHODE ISLAND
Asset Type:Industrial
Price Per Square Foot:$68
Total Square Footage:129,856 SF
Transaction Type:Sale

Marcus & Millichap announced the sale of industrial warehouses located at 670-710 Narragansett Park Drive in Pawtucket, Rhode Island. The property, spanning 64,928 square feet, was sold for $8,950,000, resulting in a price per square foot of $138. The buyer, NSD RI Real Estate, acquired the asset from Jen Price of Legacy Real Estate Ventures. The transaction was facilitated by Harrison Klein of Marcus & Millichap.

Summary of transaction details:

  • Property Type: Industrial
  • Transaction Amount: $8,950,000
  • Address: 670-710 Narragansett Park Drive
  • Market: Pawtucket, RI

Harrison Klein, representing Marcus & Millichap, played a crucial role in facilitating the sale of the warehouses. This transaction highlights the strong demand for industrial properties in Pawtucket, Rhode Island.

Note: Marcus & Millichap announced the sale of industrial warehouses in Pawtucket, Rhode Island, fetching $8,950,000. The transaction was facilitated by Harrison Klein.

Players

Harrison Klein
47 deals$177.2M volume
BROKER

Jen Price
Legacy Real Estate Ventures, LLC
4 deals$17.6M volume
SELLER

SELLER

Details

SOLD
IMAGE: Harrison Klein & Jen Price DATE: 01/01/2024 ADDRESS: 670-710 Narragansett Park Drive MARKET: Pawtucket, RI ASSET TYPE: Industrial BUYER: NSD RI Real Estate SELLER: Jen Price - Legacy Real Estate Ventures BROKER: Harrison Klein - Marcus & Millichap SALE PRICE: $8,950,000 SF: 64,928 ~ PPSF: $138 NOTE: Marcus & Millichap announced the sale of industrial warehouses in Pawtucket, Rhode Island, fetching $8,950,000. The transaction was facilitated by Harrison Klein.

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
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)

$477,333.32

Debt Service Coverage Ratio (DSCR)

0.94x

Cap Rate

5.33%

Cash Flow (Annual)-$31,797.47
Cash-on-Cash Return-1.27%
Monthly Debt Service$42,427.57
Annual Debt Service$509,130.79