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Post Road, North Kingstown,...

Atlantic Capital Partners Acquires Retail Property In North Kingstown, RI For $9.5M
SOLDRetail

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

Justin Smith

Atlantic Retail

Broker

$627.5M

vol

31 deals

Broker

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