Updated Dec 21, 2023
Horvath & Tremblay Brokers Sell Retail Property For $5M In West Warwick, RI
272 Cowesett Avenue, West Warwick, Rhode Island 02893, United States
$5,000,000
$308/SF
Building Size
16,225 SF
Asset Type
Retail
Closing
Feb 24, 2022
About this deal
AI
The retail property located at 272 Cowesett Ave in West Warwick, RI has been sold for $5,000,000. The property spans over 1.91 acres, with a total square footage of 16,225. The sale price per square foot was $308. The transaction took place on February 25, 2022.
Summary of transaction details:
- Property Type: Retail
- Transaction Amount: $5,000,000
- Square Footage: 16,225
- Price per Square Foot: $308
- Address: 272 Cowesett Ave, West Warwick, RI
- Market: West Warwick, RI
The deal was facilitated by the brokers Matt Nadler, Todd Tremblay, and Bob Horvath from Horvath & Tremblay.
Players
West Warwick 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
3.17%
Cash-on-Cash
-0.91%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93