Legacy Real Estate Ventures Acquires Retail Property In Warren, RI For $1.06M
SOLD
$1,061,900
+ 1
Rhode Island
See Similar DealsRetail2,328 SF
Sold 02/12/2021
SOLD
Legacy Real Estate Ventures Acquires Retail Property In Warren, RI For $1.06M
521 Main Street, Warren, RI, USA
See Similar DealsRetail2,328 SF
Sold 02/12/2021
+ 1
Summary
RHODE ISLAND
Asset Type:Retail
Price Per Square Foot:$456
Total Square Footage:2,328 SF
Transaction Type:Sale
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.
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30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$56,634.67
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$3,772.70
Cash-on-Cash Return-1.27%
Monthly Debt Service$5,033.95
Annual Debt Service$60,407.37
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