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521 Main Street, Warren, RI...

Legacy Real Estate Ventures Acquires Retail Property In Warren, RI For $1.06M
SOLDRetail

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

Harrison Klein

Marcus & Millichap

Broker

$177.2M

vol

47 deals

Broker
LV
Legacy Real Estate VentureBuyer

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