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41 Smithfield Rd, North Pro...

Greenberg Gibbons Acquires Retail Assets In North Providence, RI & Westminster, MD For $34.6M
SOLDRetail

Greenberg Gibbons Acquires Retail Assets In North Providence, RI & Westminster, MD For $34.6M

41 Smithfield Rd, North Providence, RI, USA

$34,600,000

$169/SF

Building Size

204,000 SF

Asset Type

Retail

Closing

Sep 29, 2021

AI

Greenberg Gibbons has acquired a retail property located at 41 Smithfield Rd in North Providence, RI and 200 Clifton Road in Westminster, MD. The transaction took place on September 29, 2021. The property has a total square footage of 204,000 and was sold for $34,600,000, resulting in a price per square foot of $170.

Summary of transaction details:

  • Property Type: Retail
  • Transaction Amount: $34,600,000
  • Address: 41 Smithfield Rd & 200 Clifton Road
  • Market: North Providence, RI & Westminster, MD
  • Buyer: Greenberg Gibbons - Eric Walter & Thomas Falatko
  • Square Footage: 204,000
  • Price per Square Foot: $170

Eric Walter and Thomas Falatko represented Greenberg Gibbons as their broker in this transaction.

Players

GG
Greenberg GibbonsBuyer

North Providence 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

0.46%

Cash-on-Cash

-0.13%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93