Updated Dec 5, 2024
Westbrook Partners Acquires Office Property In East Providence For $5.8M
25 Fairmount Ave, East Providence, Rhode Island 02914, United States
$5,800,000
Building Size
—
Asset Type
Office
Closing
Jan 13, 2022
About this deal
AI
The office property located at 25 Fairmount Ave in East Providence, RI has been sold. The transaction took place on January 14, 2022. The property spans 7.8 acres and is situated in the market of East Providence, RI. The sale price for this property was $5,800,000.
Summary of transaction details:
- Property Type: Office
- Transaction Amount: $5,800,000
- Address: 25 Fairmount Ave, East Providence, RI
- Market: East Providence, RI
- Acres: 7.8
The buyer of this property was Westbrook Partners, while the seller was 25 Fairmount LLC. The transaction was facilitated by George Paskalis & Leeds Mitchell IV from MG Commercial Real Estate.
On the Map
$5,800,000
Office
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Players
East Providence Office Market Snapshot
Boundary boundary · Office · Sale transactions
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
2.73%
Cash-on-Cash
-0.78%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93