Updated Oct 29, 2024
Atlantic Capital Retail LLC Acquires Retail Property In Warwick, RI For $5.75M
1191 Division Street, Warwick, RI, USA
$5,750,000
$718/SF
Building Size
8,000 SF
Asset Type
Retail
Closing
Mar 15, 2021
About this deal
AI
Atlantic Capital Retail LLC has acquired a retail property located at 1191 Division Street, Warwick, RI. The property spans approximately 8,000 square feet and was sold for a price of $5,750,000, resulting in a price per square foot of $719. The transaction was facilitated by the brokerage firm Horvath & Tremblay.
Summary of transaction details:
- Property Type: Retail
- Transaction Amount: $5,750,000
- Address: 1191 Division Street, Warwick, RI
- Market: Warwick, RI
- Buyer: Atlantic Capital Retail LLC
- Square Footage: 8,000
- Price per Square Foot: $719
Robert Horvath and Todd Tremblay of Horvath & Tremblay represented the buyer, Atlantic Capital Retail LLC, in this transaction.
Players
East Greenwich Retail Market Snapshot
Boundary boundary · Retail · Sale transactions
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
2.76%
Cash-on-Cash
-0.79%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93