Legacy Capital Ventures Acquires Office Building In Lincoln, RI For $7.1M
SOLD
$7,100,000
+ 5
Rhode Island
See Similar DealsOffice
Sold 03/21/2022
SOLD
Legacy Capital Ventures Acquires Office Building In Lincoln, RI For $7.1M
701 George Washington Highway
See Similar DealsOffice
Sold 03/21/2022
+ 5
Summary
RHODE ISLAND
Asset Type:Office
Transaction Type:Sale
An office property located at 701 George Washington Hwy in Lincoln, RI has been sold in a recent transaction. The property was sold by FH French to Legacy Capital Ventures for a sale price of $7,100,000. The transaction took place on 03/21/2022.
Summary of transaction details
- Property Type: Office
- Transaction Amount: $7,100,000
- Date: 03/21/2022
- Address: 701 George Washington Hwy, Lincoln, RI
- Market: Lincoln, RI
The sale of this office property was facilitated by the brokers Michael Greeley, Joseph Alvarado, George Demoulas, Robert Griffin, Frank Nelson, Blake McLaughlin, Allie Percoco, and Casey Valente from Newmark.
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$378,666.67
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$25,224.79
Cash-on-Cash Return-1.27%
Monthly Debt Service$33,657.62
Annual Debt Service$403,891.47
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