Horvath & Tremblay Acquires Retail Property In Warren, RI For $1.75M
470 Metacom Avenue, Warren, RI, USA
$1,750,000
$233/SF
Building Size
7,500 SF
Asset Type
Retail
Closing
Apr 29, 2021
AI
The retail property located at 470 Metacom Avenue in Warren, RI has been sold for $1,750,000. The transaction took place on April 30, 2021. The property spans across 7,500 square feet with a price per square foot of $233.
Summary of transaction details:
- Property Type: Retail
- Transaction Amount: $1,750,000
- Date: 04/30/2021
- Address: 470 Metacom Avenue
- Market: Warren, RI
- Seller's Rep: Tim Bulman - District Real Estate Advisors
- Buyer's Rep: Daniel Bernardini - Horvath & Tremblay
- Square Footage: 7,500
- Price per Square Foot: $233
The seller's representative in this transaction was Tim Bulman from District Real Estate Advisors, while the buyer was represented by Daniel Bernardini from Horvath & Tremblay.
Players
Warren 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
9.06%
Cash-on-Cash
-2.59%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93