Updated Oct 29, 2024
Great Global Holdings III Acquires Mixed-Use Property In Lincoln, RI For $5.4M
40 Albion Rd, Lincoln, RI 02865, USA
$5,400,000
$10/SF
Building Size
540,000 SF
Asset Type
Mixed-use
Closing
Oct 8, 2020
About this deal
AI
The mixed-use property located at 40-44 Albion Rd in Lincoln, RI has been sold in a recent transaction. The property spans over 54,000 square feet and was sold for a total price of $5,400,000, resulting in a price per square foot of $100.
Summary of transaction details
- Property Type: Mixed-use
- Transaction Amount: $5,400,000
- Square Footage: 54,000
- Price Per Square Foot: $100
- Address: 40-44 Albion Rd, Lincoln, RI
- Market: Lincoln, RI
The seller of the property was Blue Street Capital, while the buyer was Great Global Holdings III. The transaction was facilitated by Mike Giuttari of MG Commercial, who acted as the broker in the deal.
Players
Lincoln Mixed-use Market Snapshot
Boundary boundary · Mixed-use · Sale transactions
Loading comparables…
Deal FAQ
Visit Mike Giuttari to view all their deals.
Browse Rhode Island mixed use sales on Traded.
Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
2.94%
Cash-on-Cash
-0.84%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93