Thomas Sweeney, SIOR Sells Office Building In Lincoln, RI For $4.8M
SOLD
$4,800,000
Rhode Island
See Similar DealsOffice71,130 SF
Sold 12/10/2021
SOLD
Thomas Sweeney, SIOR Sells Office Building In Lincoln, RI For $4.8M
695 George Washington Highway, Lincoln, Rhode Island 02865, United States
See Similar DealsOffice71,130 SF
Sold 12/10/2021
Summary
RHODE ISLAND
Asset Type:Office
Price Per Square Foot:$67
Total Square Footage:71,130 SF
Transaction Type:Sale
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.
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$256,000.01
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$17,053.38
Cash-on-Cash Return-1.27%
Monthly Debt Service$22,754.45
Annual Debt Service$273,053.39
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