Allsource Power, LLC Acquires Mixed Use Property In Exeter, RI For $1.355M
SOLD
$1,355,000
Rhode Island
See Similar DealsMixed-use27,300 SF
Sold 04/08/2022
SOLD
Allsource Power, LLC Acquires Mixed Use Property In Exeter, RI For $1.355M
570 Nooseneck Hill Road, Exeter, Rhode Island 02822, United States
See Similar DealsMixed-use27,300 SF
Sold 04/08/2022
Summary
RHODE ISLAND
Asset Type:Mixed-use
Price Per Square Foot:$49
Total Square Footage:27,300 SF
Transaction Type:Sale
The mixed-use property located at 570 Nooseneck Hill Rd in Exeter, RI has been sold. The property spans 27,300 square feet and was sold for a total price of $1,355,000, resulting in a price per square foot of $50. The transaction took place on 04/08/2022.
Summary of transation details
- Property Type: Mixed use
- Transaction Amount: $1,355,000
- Buyer: Allsource Power, LLC
- Seller: 570 Nooseneck Hill LLC
- Seller's Rep: Kevin Casey - Sweeney Real Estate & Appraisal
Allsource Power, LLC acted as the buyer in this transaction, while 570 Nooseneck Hill LLC served as the seller. The seller was represented by Kevin Casey from Sweeney Real Estate & Appraisal.
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$72,266.66
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$4,814.04
Cash-on-Cash Return-1.27%
Monthly Debt Service$6,423.39
Annual Debt Service$77,080.70
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