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NNN at 7.6% CAP Rate, New 5 Year Leases 470 Toll Gate Rd 11,952 SF 100% Leased Office Building Warwick, RI 02886 $2,175,000 ($181.98/SF) 7.60% Cap Rate
Executive Summary
100% Occupied Medical Office across the street from the hospital. New five-year leases.
60 parking spaces
7.65% CAP Rate, True NNN
60 parking spaces
7.65% CAP Rate, True NNN
Property Facts
Sale Type
Investment
Property Type
Office
Property Subtype
Medical
Building Size
11,952 SF
Building Class
C
Year Built
1980
Price
$2,175,000
Price Per SF
$181.98
Cap Rate
7.60%
NOI
$165,325
Percent Leased
100%
Tenancy
Multiple
Building Height
1 Story
Typical Floor Size
11,952 SF
Building FAR
0.38
Lot Size
0.72 AC
Zoning
O
Parking
60 Spaces (5.02 Spaces per 1,000 SF Leased)
Amenities
- Bus Line
- Signage
1 1
Property Taxes
| Parcel Number | WARW-000247-000051-000000 | Improvements Assessment | $1,624,100 |
| Land Assessment | $198,900 | Total Assessment | $1,823,000 |
Property Taxes
Parcel Number
WARW-000247-000051-000000
Land Assessment
$198,900
Improvements Assessment
$1,624,100
Total Assessment
$1,823,000
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NNN at 7.6% CAP Rate, New 5 Year Leases | 470 Toll Gate Rd
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