Updated Sep 9, 2024
Horvath & Tremblay Facilitate Sale Of Lowe's Home Improvement Property In North Providence For $15.3M
1703 Mineral Springs Avenue North Providence, Rhode Island 02904, Usa
$15,300,000
$122/SF
Building Size
125,400 SF
Asset Type
Retail
Closing
Jul 28, 2023
About this deal
AI
A Lowe's Home Improvement property located at 1703 Mineral Springs Avenue in North Providence, RI has been successfully sold for a price of $15.3 million. The property spans over 11.1 acres and is categorized as a retail asset. With a total square footage of 125,400, the property was sold at a rate of $122 per square foot.
Summary of transaction details:
- Property Type: Retail
- Transaction Amount: $15,300,000
- Address: 1703 Mineral Springs Avenue
- Market: North Providence, RI
- Acres: 11.1
Robert Horvath and Todd Tremblay, representing Horvath & Tremblay, successfully facilitated the sale of the Lowe's Home Improvement property. The transaction yielded a cap rate of 6.53%. Their expertise and efforts were instrumental in ensuring the smooth completion of the deal.
Players
Citricultores Retail Market Snapshot
Boundary boundary · Retail · Sale transactions
Loading comparables…
Deal FAQ
Visit Todd Tremblay to view all their deals.
Browse Citricultores retail sales on Traded.
Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
1.04%
Cash-on-Cash
-0.30%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93