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700 School St 7,920 SF Office Condo Unit Offered at $1,200,000 in Pawtucket, RI 02860
Investment Highlights
- Excellent Investment return
- Class A Buildout
- Turnkey Easy Investment
Data Room Click Here to Access
- Offering Memorandum
1 Unit Available
- Unit
- Unit Size
- Condo Use
- Price
- NOI
| Sale Type | Investment | Sale Conditions | 1031 Exchange |
| Cap Rate | 9.88% |
| Sale Type | Investment |
| Cap Rate | 9.88% |
| Sale Conditions | 1031 Exchange |
Description
Class A buildout, 100% occupied by JBD/JDA Architects. They use the space for meeting high end clients and design work. JBD specializes if providing designs for country clubs, restaurants and luxury homes up and down the east coast. They have occupied the space for over 20 years, keep it in excellent condition and have about 4 years left on their current lease. The unit shows very well.
Sale Notes
Prime 1031 or investor opportunity. It's a true 9.88 cap based on 2025 numbers. The tenant is very profitable, and comfortable in the space. Listing agent is a principal.
| Unit | Unit Size | Condo Use | Price | NOI |
| Unit 2 | 7,920 SF | Office | $1,200,000 ($151.52/SF) | $118,549 |
Unit 2
| Unit Size |
| 7,920 SF |
| Condo Use |
| Office |
| Price |
| $1,200,000 ($151.52/SF) |
| NOI |
| $118,549 |
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Unit 2
| Unit Size | 7,920 SF |
| Condo Use | Office |
| Price | $1,200,000 ($151.52/SF) |
| NOI | $118,549 |
| Sale Type | Investment |
| Cap Rate | 9.88% |
| Sale Conditions | 1031 Exchange |
| Description | |
| Class A buildout, 100% occupied by JBD/JDA Architects. They use the space for meeting high end clients and design work. JBD specializes if providing designs for country clubs, restaurants and luxury homes up and down the east coast. They have occupied the space for over 20 years, keep it in excellent condition and have about 4 years left on their current lease. The unit shows very well.</li></ul> | |
| Sale Notes | |
| Prime 1031 or investor opportunity. It's a true 9.88 cap based on 2025 numbers. The tenant is very profitable, and comfortable in the space. Listing agent is a principal.</li></ul> |
Property Facts
The following property facts and amenities apply to the entire building. Details for individual condo units may vary and are listed in the unit information above.
| Total Building Size | 20,784 SF | Typical Floor Size | 20,784 SF |
| Property Type | Flex (Condo) | Year Built | 1980 |
| Property Subtype | Lot Size | 1.31 AC | |
| Building Class | A | Parking Ratio | 2.93/1,000 SF |
| Floors | 1 | ||
| Zoning | MO | ||
| Total Building Size | 20,784 SF |
| Property Type | Flex (Condo) |
| Property Subtype | |
| Building Class | A |
| Floors | 1 |
| Typical Floor Size | 20,784 SF |
| Year Built | 1980 |
| Lot Size | 1.31 AC |
| Parking Ratio | 2.93/1,000 SF |
| Zoning | MO |
Amenities
- Bus Line
- Security System
- Signage
- Wheelchair Accessible
- Smoke Detector
1 1
Fairly walkable
40/100
Exceptionally drivable
90/100
Limited public transit
30/100
Fairly bikeable
40/100
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Videos
Matterport 3D Exterior
Matterport 3D Tour
Photos
Street View
Street
Map
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700 School St
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