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
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