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
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.
Players
Warren Retail Market Snapshot
Boundary boundary · Retail · Sale transactions
Loading comparables…
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