Washington Trust Company Sells Mixed-Use Property In Westerly, RI For $1.775M
2 Crosswind Road
$1,775,000
$101/SF
Building Size
17,500 SF
Asset Type
Mixed-use
Closing
Jun 14, 2024
AI
The property located at 2 Crosswind Road in Westerly, RI, spans 1.59 acres and features a mixed-use asset. The sale price for this property was $1,775,000, with a total square footage of 17,500 and a price per square foot of $101.
Summary of transation details:
- Property Type: Mixed-use
- Transaction Amount: $1,775,000
- Address: 2 Crosswind Road
- Market: Westerly, RI
- Seller: The Washington Trust Company
- Brokers: Derek Brazeau & Peter Hayes - Cushman & Wakefield
- SF: 17,500
- PPSF: $101
Pete Hayes and Derek Brazeau of Hayes & Sherry, a Cushman & Wakefield alliance member, were the brokers who facilitated the $1.775 million sale of the property at 2 Crosswind Rd in early May on behalf of the seller, The Washington Trust Company.
Players
Westerly Mixed-use Market Snapshot
Boundary boundary · Mixed-use · Sale transactions
Loading comparables…
Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
8.94%
Cash-on-Cash
-2.55%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93