2042 Hemingway LLC Acquires Riverside Retail Property For $3.4M
20 Hemingway Dr, Riverside, Rhode Island 02915, United States
$3,422,000
$109/SF
Building Size
31,200 SF
Asset Type
Retail
Closing
Feb 17, 2022
AI
The retail property located at 20-42 Hemingway Dr in Riverside, RI has been sold for a total of $3,422,000. The transaction took place on 02/18/2022 and the property spans a total of 31,200 square feet. The buyer of the property is 2042 Hemingway LLC, while the seller is James Ferrera & Sons Inc. The asset was marketed in the Riverside market. The sale price per square foot is $110.
Summary of transaction details:
- Property Type: Retail
- Transaction Amount: $3,422,000
- Date: 02/18/2022
- Address: 20-42 Hemingway Dr
- Market: Riverside, RI
The transaction was facilitated by Chris Greenman of Capstone Properties, who represented the buyer, 2042 Hemingway LLC, in the deal.
Riverside 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
4.64%
Cash-on-Cash
-1.32%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93