Horvath & Tremblay Acquires Retail Property In Warren, RI For $1.75M
SOLD
$1,750,000
Rhode Island
See Similar DealsRetail7,500 SF
Sold 04/30/2021
SOLD
Horvath & Tremblay Acquires Retail Property In Warren, RI For $1.75M
470 Metacom Avenue, Warren, RI, USA
See Similar DealsRetail7,500 SF
Sold 04/30/2021
Summary
RHODE ISLAND
Asset Type:Retail
Price Per Square Foot:$233
Total Square Footage:7,500 SF
Transaction Type:Sale
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.
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30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$93,333.32
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$6,217.39
Cash-on-Cash Return-1.27%
Monthly Debt Service$8,295.89
Annual Debt Service$99,550.71
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