Updated Oct 28, 2024
Yiqiag Chen Acquires Retail Property In Warwick, RI For $1.725M
120 Lambert Lind Highway, Warwick, RI, USA
$1,725,000
$95/SF
Building Size
18,000 SF
Asset Type
Retail
Closing
Aug 12, 2021
About this deal
AI
The retail property located at 120 Lambert Lind Highway in Warwick, RI has been sold for $1,725,000. The transaction took place on August 13, 2021, and the property spans 18,000 square feet, resulting in a price per square foot of $96. The sale was completed with a 9.68% capitalization rate. The seller, Damar Realty, LLC, transferred the property to the buyer, Yiqiag Chen, in this closed transaction.
Summary of transaction details:
- Property Type: Retail
- Transaction Amount: $1,725,000
- Market: Warwick, RI
Michael Alves and Arnold Baskin from Elite Group - KW Commercial represented both parties as the brokers in this retail property sale. Their expertise and assistance facilitated the smooth completion of the transaction.
Players
Warwick 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
9.20%
Cash-on-Cash
-2.63%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93