Updated Oct 29, 2024
Legacy Real Estate Ventures Acquires Retail Property In Warren, RI For $1.06M
521 Main Street, Warren, RI, USA
$1,061,900
$456/SF
Building Size
2,328 SF
Asset Type
Retail
Closing
Feb 11, 2021
About this deal
AI
The retail property located at 521 Main Street in Warren, RI has recently been sold for a price of $1,061,900. The transaction took place on February 12, 2021.
Summary of transaction details
- Property Type: Retail
- Transaction Amount: $1,061,900
- Square Footage: 2,328 SF
- Price Per Square Foot: $456
- Address: 521 Main Street, Warren, RI
- Market: Warren, RI
Legacy Real Estate Ventures, represented by Michael Price, was the buyer in this transaction. The selling party was not mentioned in the available information. The sale was facilitated by a team of brokers from Marcus & Millichap, including Rich Merryman, Ryan Wilmer, Bill Schofield, and Harrison Klein.
On the Map
$1,061,900
$456/SF
Retail
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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
14.94%
Cash-on-Cash
-4.27%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93