Horvath & Tremblay Completes $4.7 Million Sale Of Retail Center In Providence, RI
550 Hartford Avenue
$4,700,000
$116/SF
Building Size
40,526 SF
Asset Type
Retail
Closing
Apr 25, 2025
AI
A retail center located at 550 Hartford Avenue in Providence, RI, has been sold for $4,700,000. The property spans 40,526 square feet and is situated on 4.43 acres. It is fully leased to tenants such as Dollar General, Advance Auto Parts, and Subway.
Summary of transaction details:
- Property Type: Retail
- Transaction Amount: $4,700,000
- Address: 550 Hartford Avenue
- Market: Providence, RI
- Square Footage: 40,526
- Price Per Square Foot: $116
The successful transaction was facilitated by Matt Nadler, Aaron Huntley, Bob Horvath, and Jack Laurendeau of Horvath & Tremblay, who represented the brokerage in this deal.
Players
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
3.38%
Cash-on-Cash
-0.96%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93