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NNN Leased Lab/ Life Science Investment 211 Circuit Dr 50,000 SF Flex Building North Kingstown, RI 02852 $11,900,000 ($238/SF) 9.74% Cap Rate
Investment Highlights
- 50,000 SF +/- Laboratory/Life Science Building.
- Premier Quonset Business Park Location.
Executive Summary
211 Circuit Drive is a two-story, 50,000 SF +/- laboratory/life science building situated on 3.75 acres and comprised of a single tenant. The tenant, Dominion Diagnostics (a certified and accredited national medical laboratory), has occupied the building, which serves as their headquarters, since its construction in 2001. Built in 2001, with an addition constructed in 2006-2007, the building contains a mixture of modern office and laboratory space, two (2) generators and a 2,000-lb freight elevator. The property contains ample onsite parking with 165 parking spots.
Property Facts
| Price | $11,900,000 | Lot Size | 3.75 AC |
| Price Per SF | $238 | Rentable Building Area | 50,000 SF |
| Sale Type | Investment | No. Stories | 2 |
| Cap Rate | 9.74% | Year Built/Renovated | 2001/2007 |
| Property Type | Flex | Tenancy | Single |
| Property Subtype | Flex Research & Development | Parking Ratio | 2.06/1,000 SF |
| Building Class | B | ||
| Zoning | QBPD - C | ||
| Price | $11,900,000 |
| Price Per SF | $238 |
| Sale Type | Investment |
| Cap Rate | 9.74% |
| Property Type | Flex |
| Property Subtype | Flex Research & Development |
| Building Class | B |
| Lot Size | 3.75 AC |
| Rentable Building Area | 50,000 SF |
| No. Stories | 2 |
| Year Built/Renovated | 2001/2007 |
| Tenancy | Single |
| Parking Ratio | 2.06/1,000 SF |
| Zoning | QBPD - C |
Amenities
- Bio-Tech/ Lab Space
Somewhat walkable
20/100
Exceptionally drivable
100/100
Limited public transit
30/100
Somewhat bikeable
30/100
Property Taxes
| Parcel Number | NKIN-000179-000013 | Improvements Assessment | $0 |
| Land Assessment | $13,600 | Total Assessment | $13,600 |
Property Taxes
Parcel Number
NKIN-000179-000013
Land Assessment
$13,600
Improvements Assessment
$0
Total Assessment
$13,600
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NNN Leased Lab/ Life Science Investment | 211 Circuit Dr
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