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
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