Atlantic Capital Partners Acquires Retail Property In North Kingstown, RI For $9.5M
Post Road, North Kingstown, Rhode Island 02852, United States
$9,500,000
$77/SF
Building Size
123,061 SF
Asset Type
Retail
Closing
Sep 15, 2022
AI
Located in North Kingstown, RI, the property at 5895-5945 Post Rd has recently been sold. This retail asset, spanning 123,061 square feet, was sold for a total price of $9,500,000. The price per square foot for this transaction was calculated to be $77.
Summary of Transaction Details
- Property Type: Retail
- Transaction Amount: $9,500,000
- Market: North Kingstown, RI
- Square Footage: 123,061
The deal was facilitated by Atlantic Capital Partners, with brokers Justin Smith, Chris Peterson, Sam Koonce, and Cole Van Gelder representing the parties involved. Their expertise and assistance played a significant role in the successful completion of this transaction.
Players
North Kingstown 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
1.67%
Cash-on-Cash
-0.48%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93