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550 Dyer Avenue, Cranston, ...

JRW Realty Acquires Retail Property In Cranston, RI For $2.12M
SOLDRetail

JRW Realty Acquires Retail Property In Cranston, RI For $2.12M

550 Dyer Avenue, Cranston, RI, USA

$2,120,000

$253/SF

Building Size

8,364 SF

Asset Type

Retail

Closing

Apr 29, 2021

AI

The retail property located at 550 Dyer Avenue in Cranston, RI was recently sold for a total price of $2,120,000. The property spans 8,364 square feet, resulting in a price per square foot of $253. The transaction took place on April 30, 2021, with Tim Bulman representing the seller through District Real Estate Advisors and JRW Realty serving as the buyer's representative.

Summary of transaction details:

  • Property Type: Retail
  • Sale Price: $2,120,000
  • Square Footage: 8,364
  • Price per Square Foot: $253
  • Date: 04/30/2021
  • Address: 550 Dyer Avenue, Cranston, RI
  • Market: Cranston, RI
  • Seller's Rep: Tim Bulman - District Real Estate Advisors
  • Buyer's Rep: JRW Realty

The deal was facilitated by Tim Bulman from District Real Estate Advisors, who represented the seller, and JRW Realty, who served as the buyer's representative. This transaction underscores the successful collaboration between these key individuals and companies in the retail real estate market.

Players

Timothy Bulman

District Real Estate Advisors

Broker

$3.9M

vol

2 deals

Broker

Providence 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

7.48%

Cash-on-Cash

-2.14%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93