Updated Oct 29, 2024
Spire Investments Acquires Retail Property In Cranston, RI For $1.63M
1542 Broad St, Cranston, RI 02905, Estados Unidos
$1,625,000
$15/SF
Building Size
106,400 SF
Asset Type
Retail
Closing
Oct 29, 2020
About this deal
AI
The retail property located at 1542-1548 Broad Street in Cranston, RI has been sold for a price of $1,625,000. The property spans a total area of 10,640 square feet, resulting in a price per square foot of $153.
Summary of transaction details
- Property Type: Retail
- Transaction Amount: $1,625,000
- Address: 1542-1548 Broad Street, Cranston, RI
- Market: Cranston, RI
- Square Footage: 10,640 sqft
- Price per Square Foot: $153
The buyer of the property is Spire Investments. The transaction was facilitated by Todd Tremblay from Horvath & Tremblay, serving as the broker representing the buyer.
Players
Cranston 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
9.76%
Cash-on-Cash
-2.79%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93