Updated Dec 21, 2023
Regal Commercial Acquires Mixed Use Property On Angell Street, Providence For $1.72M
320 Angell Street, Providence, Rhode Island 02906, United States
$1,725,000
$233/SF
Building Size
7,400 SF
Asset Type
Mixed-use
Closing
Oct 13, 2022
About this deal
AI
The property located at 320-324 Angell Street in Providence, RI has been sold in a recent transaction. This mixed-use asset comprises a total area of 7,400 square feet. The sale price for the property was $1,725,000, resulting in a price per square foot of $233.
Summary of transaction details:
- Property Type: Mixed Use
- Sale Price: $1,725,000
- Square Footage: 7,400
- Price per Square Foot: $233
- Market: Providence, RI
The buyer in this transaction was represented by Michael Lefrancois from Regal Commercial, while the seller was represented by Stephanie Corsetti from Alliance Real Estate Group.
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
9.20%
Cash-on-Cash
-2.63%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93