Updated Dec 20, 2023
Thomas Sweeney, SIOR Sells Office Building In Lincoln, RI For $4.8M
695 George Washington Highway, Lincoln, Rhode Island 02865, United States
$4,800,000
$67/SF
Building Size
71,130 SF
Asset Type
Office
Closing
Dec 10, 2021
About this deal
AI
An office property located at 695 George Washington Hwy in Lincoln, RI has been sold for a price of $4,800,000. The property spans across 71,130 square feet, resulting in a price per square foot of $67.
Summary of transaction details
- Property Type: Office
- Transaction Amount: $4,800,000
- Date: 12/10/2021
- Market: Lincoln, RI
- Broker: Thomas Sweeney, SIOR - Sweeney Real Estate & Appraisal
The sale of this office property was facilitated by Thomas Sweeney, SIOR of Sweeney Real Estate & Appraisal. Thomas represented the involved parties in the transaction.
Lincoln 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
3.30%
Cash-on-Cash
-0.94%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93