facebook
Traded Co logo
Submit
Daily limit: 0/10

Sendero Capital & TPG Angelo Gordon Purchase Medical Office In Warwick For $8.1M

Property Image
SOLD
$8,100,000
Landon Weaver
Anthony Sardo
Mindy Berman

Rhode Island

See Similar Deals
Medical Office30,000 SF
Sold 04/12/2024
the dealplayerscompscontact
Property Image
SOLD

Sendero Capital & TPG Angelo Gordon Purchase Medical Office In Warwick For $8.1M

227 Centerville Road

See Similar Deals
Medical Office30,000 SF
Sold 04/12/2024
Landon Weaver
Anthony Sardo
Mindy Berman
the dealplayerscompscontact
Contact now

Summary

RHODE ISLAND
Asset Type:Medical Office
Price Per Square Foot:$270
Total Square Footage:30,000 SF
Transaction Type:Sale

Located at 227 Centerville Road in Warwick, RI, the asset involved in this transaction is a 30,000 square foot medical office building. The sale price for this property was $8,100,000, resulting in a price per square foot of $270.

Summary of transaction details:

Sendero Capital and TPG Angelo Gordon were the buyers of this medical office building, with JLL Capital Markets representing them in the $8.1 million transaction. The brokers involved in this deal were Anthony Sardo, Landon Weaver, and Mindy Berman from JLL.

Players

Mindy Berman
CBRE
Mindy Berman
11 deals$875.4M volume(617) 899-0657
BROKER
Anthony Sardo
CBRE
Anthony Sardo
6 deals$181.6M volume(978) 337-9980
BROKER
Landon Weaver
JLL
Landon Weaver
2 deals$54.9M volume
BROKER

Details

SOLD
IMAGE: 04/12/2024 ADDRESS: 227 Centerville Road MARKET: Warwick, RI ASSET TYPE: Medical Office BUYER: Sendero Capital & TPG Angelo Gordon BROKERS: Anthony Sardo, Landon Weaver & Mindy Berman - JLL SALE PRICE: $8,100,000 SF: 30,000 ~ PPSF: $270 NOTE: Sendero Capital and TPG Angelo Gordon acquired 227 Centerville Rd., a 30,000 s/f medical office building, with JLL Capital Markets advising on the $8.1 million transaction.

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)

$432,000.00

Debt Service Coverage Ratio (DSCR)

0.94x

Cap Rate

5.33%

Cash Flow (Annual)-$28,777.59
Cash-on-Cash Return-1.27%
Monthly Debt Service$38,398.13
Annual Debt Service$460,777.59