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
Pawtucket 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
1.77%
Cash-on-Cash
-0.51%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93