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Marcus & Millichap Sells Park Avenue Plaza Retail Property In Cranston, RI For $4.8M

1375-1401 Park Avenue
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This Retail property located in RI was sold for $4,800,000 7 months ago. The brokers of the deal were Adam Cohen, Brett Kilar, and Maria DeAngelis

Park Avenue Plaza, a retail property spanning 24,750 square feet in Cranston, Rhode Island, has been sold for $4.8 million. The property is located at 1375-1401 Park Avenue and sits on 2.63 acres of land. The sale price equates to approximately $194 per square foot.

Summary of transaction details

  • Property Type: Retail
  • Transaction Amount: $4,800,000
  • Address: 1375-1401 Park Avenue
  • Market: Cranston, RI
  • Acres: 2.63

The sale of Park Avenue Plaza was facilitated by Marcus & Millichap, with brokers Adam Cohen, Brett Kilar, and Maria DeAngelis representing the parties involved in the transaction. The deal marks a successful endeavor for Marcus & Millichap in arranging the purchase of this retail property.

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Deals
  • Location
    1375-1401 Park Avenue Cranston, Rhode Island 02920, USA1375-1401 Park Avenue Cranston, Rhode Island 02920, USA
  • Sale Price
    $4,800,000$4,800,000
    $193 PPSF$193 PPSF
  • Area
    24,750 SF24,750 SF
  • Asset Type
    RetailRetail
  • Parties
    3 Brokers, 1 Agency3 Brokers, 1 Agency

Agents

Brett Kilar

Brett Kilar

Deals7
Sold$23.1M

Agency

Marcus & Millichap

Marcus & Millichap

Agency
Deals6865
Volume$64B

Deal Summary

SALE IMAGE: Brett Kilar, Maria DeAngelis & Adam Cohen DATE: 07/27/2023 ADDRESS: 1375-1401 Park Avenue MARKET: Cranston, RI ASSET TYPE: Retail ~ ACRES: 2.63 BROKERS: Adam Cohen, Brett Kilar & Maria DeAngelis - Marcus & Millichap SALE PRICE: $4,800,000 SF: 24,750 ~ PPSF: $194 NOTE: Marcus & Millichap has announced the successful sale of Park Avenue Plaza, a retail property spanning 24,750 square feet in Cranston, Rhode Island, fetching $4.8 million.

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1375-1401 Park Avenue

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