Updated Oct 28, 2024
Capital Group Properties Acquires Retail Property In Warwick, RI For $12.35M
1330 Bald Hill Road, Warwick, Rhode Island 02886, United States
$12,350,000
$77/SF
Building Size
160,000 SF
Asset Type
Retail
Closing
Mar 6, 2022
About this deal
AI
A retail property located at 1330 Bald Hill Rd in Warwick, RI has been sold. The property has a total area of 160,000 square feet and was sold for a price of $12,350,000, which translates to a price per square foot of $77.
Summary of transaction details
- Property Type: Retail
- Transaction Amount: $12,350,000
- Date: 03/07/2022
- Market: Warwick, RI
The buyer of the property is Capital Group Properties, represented by William Depietri. The sale of this retail asset marks an important transaction in the Warwick, RI market. The acquisition by Capital Group Properties highlights their continued investment and growth in the real estate sector.
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
1.28%
Cash-on-Cash
-0.37%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93