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.
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