Johnson & Wales University Sells Mixed-use Property In Providence, RI For $1.6M
101 Richmond Street, Providence, RI, USA
$1,600,000
$123/SF
Building Size
13,000 SF
Asset Type
Mixed-use
Closing
Nov 12, 2021
AI
The mixed-use property located at 101 Richmond Street in Providence, RI has been sold in a closed transaction. The seller of the property was Johnson & Wales University (JWU).
Summary of transaction details
- Property Type: Mixed-use
- Transaction Amount: $1,600,000
- Address: 101 Richmond Street, Providence, RI
- Market: Providence, RI
- Square Footage: 13,000
- Price per Square Foot: $123
The transaction was facilitated by the brokers Matt Fair and Peter Hayes from Cushman & Wakefield Hayes & Sherry. They represented JWU in the sale of the property.
Players
Providence Mixed-use Market Snapshot
Boundary boundary · Mixed-use · Sale transactions
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
9.91%
Cash-on-Cash
-2.83%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93