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265 Post Road, Westerly, Rh...

Marcus & Millichap Brokers $3.4M Retail Sale In Westerly, RI
SOLDRetail

Marcus & Millichap Brokers $3.4M Retail Sale In Westerly, RI

265 Post Road, Westerly, Rhode Island 02891, United States

$3,400,000

$80/SF

Building Size

42,200 SF

Asset Type

Retail

Closing

Sep 15, 2022

AI

The property involved in this transaction is a retail asset located at 265 Post Rd in Westerly, RI. It was sold on September 16, 2022, for a total price of $3,400,000. The property spans a total square footage of 42,200, resulting in a price per square foot of $81. The transaction was facilitated by brokers Adam Cohen and Brett Kilar from Marcus & Millichap.

Summary of transaction details:

  • Property Type: Retail
  • Transaction Amount: $3,400,000
  • Square Footage: 42,200
  • Price Per Square Foot: $81
  • Address: 265 Post Rd, Westerly, RI
  • Market: Westerly, RI

Adam Cohen and Brett Kilar from Marcus & Millichap represented the parties involved in this sale transaction. They played a crucial role in brokering the deal and ensuring a successful outcome for all parties.

Players

Adam Cohen

Marcus & Millichap

Broker

$47.1M

vol

10 deals

Broker

Westerly 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

4.67%

Cash-on-Cash

-1.33%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93