Capital Group Properties Acquires Retail Property In Warwick, RI For $12.35M
SOLD
$12,350,000
Rhode Island
See Similar DealsRetail160,000 SF
Sold 03/07/2022
SOLD
Capital Group Properties Acquires Retail Property In Warwick, RI For $12.35M
1330 Bald Hill Road, Warwick, Rhode Island 02886, United States
See Similar DealsRetail160,000 SF
Sold 03/07/2022
Summary
RHODE ISLAND
Asset Type:Retail
Price Per Square Foot:$77
Total Square Footage:160,000 SF
Transaction Type:Sale
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.
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$658,666.67
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$43,876.94
Cash-on-Cash Return-1.27%
Monthly Debt Service$58,545.30
Annual Debt Service$702,543.61
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