facebook
Traded Co logo
Submit

Horvath & Tremblay Represents Sale Of Retail Property In West Warwick, RI For $6.8M

Property Image
SOLD
$6,835,000
Hobart (Hobie) Hare
Todd Tremblay
Robert (Bob) Horvath

Rhode Island

See Similar Deals
Retail13,178 SF
Sold 04/30/2021
the dealplayerscompscontact
Property Image
SOLD

Horvath & Tremblay Represents Sale Of Retail Property In West Warwick, RI For $6.8M

1270 Main Street, West Warwick, RI, USA

See Similar Deals
Retail13,178 SF
Sold 04/30/2021
Hobart (Hobie) Hare
Todd Tremblay
Robert (Bob) Horvath
the dealplayerscompscontact
Contact now

Summary

RHODE ISLAND
Asset Type:Retail
Price Per Square Foot:$518
Total Square Footage:13,178 SF
Transaction Type:Sale

The property involved in this transaction is a retail asset located at 1270 Main St in West Warwick, RI. It was sold on April 30, 2021. The property spans 13,178 square feet and sits on 2.1 acres of land. The transaction was facilitated by brokers Bob Horvath, Todd Tremblay, and Hobart Hare from Horvath & Tremblay. The sale price for the property was $6,835,000, resulting in a price per square foot of $519. The property has a capitalization rate of 5.17%.

Summary of transaction details

  • Property Type: Retail
  • Transaction Amount: $6,835,000
  • Address: 1270 Main St, West Warwick, RI
  • Market: West Warwick, RI
  • Square Footage: 13,178
  • Price per Square Foot: $519
  • Acres: 2.1
  • Capitalization Rate: 5.17%
  • Brokers: Bob Horvath, Todd Tremblay, & Hobart Hare - Horvath & Tremblay

The involvement of Bob Horvath, Todd Tremblay, and Hobart Hare from Horvath & Tremblay as brokers in this deal highlights their role in representing the buyer, seller, landlord, or tenant. They played a crucial role in successfully facilitating the transaction for the retail property located at 1270 Main St in West Warwick, RI.

Players

Robert (Bob) Horvath
Horvath & Tremblay
Robert Horvath
112 deals$556.4M volume
BROKER
Todd Tremblay
Horvath & Tremblay
Todd Tremblay
103 deals$515.2M volume
BROKER
Hobart (Hobie) Hare
Horvath & Tremblay
Hobart Hare
13 deals$76.6M volume
BROKER

Details

SOLD
IMAGE: Bob Horvath, Todd Tremblay & Hobart Hare DATE: 04/30/2021 ADDRESS: 1270 Main St MARKET: West Warwick, RI ASSET TYPE: Retail BROKERS: Bob Horvath, Todd Tremblay, & Hobart Hare - Horvath & Tremblay SALE PRICE: $6,835,000 SF: 13,178 ~ PPSF: $519 ACRES: 2.1 ~ CAP RATE: 5.17%

Stay in the Know

Subscribe for insider commercial real estate news, deal highlights, and market insights—delivered straight to your inbox.

By subscribing, you agree to our Terms of Service and Privacy Policy.

Similar Deals

Contact

Get in touch with the broker you want

Suggestions
CRE CalculatorAnalyze deals based on income, expenses, and financing. We automatically filled the calculator with data from the deal you are viewing, fill free to modify it to see how it affects the results.
Deal Type
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)

$364,533.32

Debt Service Coverage Ratio (DSCR)

0.94x

Cap Rate

5.33%

Cash Flow (Annual)-$24,283.32
Cash-on-Cash Return-1.27%
Monthly Debt Service$32,401.39
Annual Debt Service$388,816.64