Surmount Sells St James Surgery Center In Warwick RI For $3.115M With NNN Pro Group
SOLD
$3,115,000
+ 2
Rhode Island
See Similar DealsRetail6,800 SF
Sold 06/02/2025
SOLD
Surmount Sells St James Surgery Center In Warwick RI For $3.115M With NNN Pro Group
444 Quaker Lane
See Similar DealsRetail6,800 SF
Sold 06/02/2025
+ 2
Summary
RHODE ISLAND
Asset Type:Retail
Price Per Square Foot:$458
Total Square Footage:6,800 SF
Transaction Type:Sale
The property involved in this transaction is a retail asset located at 444 Quaker Lane, Warwick, RI, with a sale price of $3,115,000. This asset has a total square footage of 6,800 and a price per square foot of $458.
Summary of transaction details:
- Property Type: Retail
- Transaction Amount: $3,115,000
- Address: 444 Quaker Lane
- Market: Warwick, RI
- Square Footage: 6,800
- Price Per Square Foot: $458
The transaction was facilitated by brokers Glen Kunofsky, Anthony D'Ambrosia, Josh Kanter, Stewart Hickey, and Kevin Burke from NNN Pro Group. SURMOUNT, together with their broker of record Bang Realty-New England, Inc, sold the St James Surgery Center, which is also located in Warwick, RI.
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$166,133.33
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$11,066.94
Cash-on-Cash Return-1.27%
Monthly Debt Service$14,766.69
Annual Debt Service$177,200.27
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