Marcus & Millichap Sells Park Avenue Plaza Retail Property In Cranston, RI For $4.8M | 1375-1401 Park Avenue | Brett Kilar, Adam Cohen, Maria DeAngelis | Retail | Sale

Summary

Sale

RHODE ISLAND

Retail

24,750 sqft

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.

Players

All
4

Agents
3
Agencies
1

Brett Kilar

Associate

$23.1M Sold

Adam Cohen

Commercial Real Estate Broker

$27.4M Sold

Maria DeAngelis

Senior Associate

$7.6M Sold

Marcus & Millichap

Details

Deal Summary

SOLD

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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Address1375-1401 Park Avenue

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