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2 Crosswind Road

Washington Trust Company Sells Mixed-Use Property In Westerly, RI For $1.775M
SOLDMixed-use

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:

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

Derek Brazeau

Cushman & Wakefield

Broker

$11.3M

vol

5 deals

Broker

Westerly 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

8.94%

Cash-on-Cash

-2.55%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93