SOLD
Yiqiag Chen Acquires Retail Property In Warwick, RI For $1.725M
120 Lambert Lind Highway
Retail
18,000 SF
18,000 SF
Sold 1 year ago
Summary
Sale
RHODE ISLAND
Retail
18,000 sqft
The retail property located at 120 Lambert Lind Highway in Warwick, RI has been sold for $1,725,000. The transaction took place on August 13, 2021, and the property spans 18,000 square feet, resulting in a price per square foot of $96. The sale was completed with a 9.68% capitalization rate. The seller, Damar Realty, LLC, transferred the property to the buyer, Yiqiag Chen, in this closed transaction.
Summary of transaction details:
- Property Type: Retail
- Transaction Amount: $1,725,000
- Market: Warwick, RI
Michael Alves and Arnold Baskin from Elite Group - KW Commercial represented both parties as the brokers in this retail property sale. Their expertise and assistance facilitated the smooth completion of the transaction.
Players
All
3
Agents
2
Agencies
1
Details
SOLD
IMAGE: Michael Alves
DATE: 08/13/2021
ADDRESS: 120 Lambert Lind Highway
MARKET: Warwick, RI
ASSET TYPE: Retail
SELLER: Damar Realty, LLC
BUYER: Yiqiag Chen
BROKERS: Michael Alves & Arnold Baskin - Elite Group - KW Commercial
SALE PRICE: $1,725,000
SF: 18,000 ~ PPSF: $96
CAP RATE: 9.68%View on map
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Address120 Lambert Lind Highway
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