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
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