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444 Quaker Lane

Surmount Sells St James Surgery Center In Warwick RI For $3.115M With NNN Pro Group
SOLDRetail

Surmount Sells St James Surgery Center In Warwick RI For $3.115M With NNN Pro Group

444 Quaker Lane

$3,115,000

$458/SF

Building Size

6,800 SF

Asset Type

Retail

Closing

Jun 1, 2025

AI

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.

Players

Glen Kunofsky

Surmount

Broker

$768.6M

vol

106 deals

Broker
NNN Pro Group
NNN Pro GroupBrokerage

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

5.09%

Cash-on-Cash

-1.46%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93