Updated Dec 21, 2023
MG Commercial Acquires Mixed-Use Property In Woonsocket, RI For $3.15M
2168 Diamond Hill Rd, Woonsocket, RI, USA
$3,150,000
$78/SF
Building Size
40,000 SF
Asset Type
Mixed-use
Closing
Dec 3, 2021
About this deal
AI
A mixed-use property located at 2168 Diamond Hill Rd in Woonsocket, RI, was recently sold for $3,150,000. The property spans approximately 40,000 square feet, resulting in a price per square foot of $78.75. This transaction took place on December 3, 2021. The sale was facilitated by Mike Giuttari of MG Commercial.
Summary of transaction details:
- Property Type: Mixed-use
- Transaction Amount: $3,150,000
- Address: 2168 Diamond Hill Rd, Woonsocket, RI
- Market: Woonsocket, RI
- Broker: Mike Giuttari - MG Commercial
- Square Footage: 40,000
- Price per Square Foot: $78.75
This sale marks a significant transaction in the real estate market of Woonsocket, RI. Mike Giuttari from MG Commercial played a key role as the broker representing the parties involved in the deal. The successful completion of this transaction highlights the expertise and professionalism of Mike Giuttari and MG Commercial.
Players
Woonsocket 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
5.04%
Cash-on-Cash
-1.44%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93