Atlantic Capital Partners Acquires Retail Property In North Kingstown, RI For $9.5M
SOLD
$9,500,000
+ 1
Rhode Island
See Similar DealsRetail123,061 SF
Sold 09/16/2022
SOLD
Atlantic Capital Partners Acquires Retail Property In North Kingstown, RI For $9.5M
Post Road, North Kingstown, Rhode Island 02852, United States
See Similar DealsRetail123,061 SF
Sold 09/16/2022
+ 1
Summary
RHODE ISLAND
Asset Type:Retail
Price Per Square Foot:$77
Total Square Footage:123,061 SF
Transaction Type:Sale
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
Details
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$506,666.66
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$33,751.50
Cash-on-Cash Return-1.27%
Monthly Debt Service$45,034.85
Annual Debt Service$540,418.16
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