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670 Narragansett Park Drive

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

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

670 Narragansett Park Drive & 710 Narragansett Park Drive

$8,950,000

$68/SF

Building Size

129,856 SF

Asset Type

Industrial

Closing

Jan 1, 2024

AI

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

Marcus & Millichap

Broker

$177.2M

vol

47 deals

Broker
Jen Price

Jen Price

Legacy Real Estate Ventures, LLC

Seller

$17.6M

vol

4 deals

Seller
LV
Legacy Real Estate VentureSeller

Pawtucket Industrial Market Snapshot

Boundary boundary · Industrial · Sale transactions

Loading comparables…

Purchase Price

Annual NOI

Loan Amount

Interest Rate (%)

Loan Term (yrs)

Down Payment (%)

Cap Rate

1.77%

Cash-on-Cash

-0.51%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93