John Cardosi Jr. Acquires Retail Property In Warren, RI For $1.23M
632 Metacom Avenue, Warren, Rhode Island 02885, United States
$1,230,000
$153/SF
Building Size
8,000 SF
Asset Type
Retail
Closing
Mar 10, 2022
AI
A retail property located at 632 Metacom Ave in Warren, RI has been sold. The property spans 8,000 square feet and was sold for a price of $1,230,000, resulting in a price per square foot of $154. The transaction took place on 03/11/2022.
Summary of transaction details
- Property Type: Retail
- Transaction Amount: $1,230,000
- Address: 632 Metacom Ave, Warren, RI
- Square Footage: 8,000 sqft
- Price per Square Foot: $154
- Buyer: John Cardosi Jr.
- Seller: Oganes & Hnazant Tagessian
- Brokers: Michael Alves & Robert Fox - Keller Williams (Elite Group)
The buyer in this transaction was John Cardosi Jr. representing himself, while the sellers were Oganes & Hnazant Tagessian. The deal was facilitated by brokers Michael Alves and Robert Fox of Keller Williams (Elite Group).
Players
Warren 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
12.90%
Cash-on-Cash
-3.69%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93