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701 George Washington Highway

Legacy Capital Ventures Acquires Office Building In Lincoln, RI For $7.1M
SOLDOffice

Legacy Capital Ventures Acquires Office Building In Lincoln, RI For $7.1M

701 George Washington Highway

$7,100,000

Building Size

Asset Type

Office

Closing

Mar 21, 2022

AI

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.

Players

Blake McLaughlin

Newmark

Broker

$332.3M

vol

3 deals

Broker

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

2.23%

Cash-on-Cash

-0.64%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93