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1471 & 1485 Elmwood Avenue 2 Properties Offered at $7,250,000 in Cranston, RI
Investment Highlights
- Industrial building and an office building, Net leased to a publicly traded company. Long-term stability of the tenant to the subject properties.
- Both buildings have undergone extensive renovations over the last 5 years.
- Tenant also leases an adjacent 30,000 SF building for its operation.
Executive Summary
Investment opportunity
1485 Elmwood Avenue, Cranston, RI: 64,692 SF single level industrial building, zoned M2, 2.2 acres, RE Tax $31,215
1471 Elmwood Avenue, Cranston, RI: 13,815 SF office building, zoned M2, 0.60 acres, RE Tax $18,180
1485 Elmwood Avenue, Cranston, RI: 64,692 SF single level industrial building, zoned M2, 2.2 acres, RE Tax $31,215
1471 Elmwood Avenue, Cranston, RI: 13,815 SF office building, zoned M2, 0.60 acres, RE Tax $18,180
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Property Facts
| Price | $7,250,000 | Number of Properties | 2 |
| Price / SF | $102.31 / SF | Individually For Sale | 0 |
| Cap Rate | 6.89% | Total Building Size | 70,860 SF |
| Sale Type | Investment | Total Land Area | 2.80 AC |
| Status | Active |
| Price | $7,250,000 |
| Price / SF | $102.31 / SF |
| Cap Rate | 6.89% |
| Sale Type | Investment |
| Status | Active |
| Number of Properties | 2 |
| Individually For Sale | 0 |
| Total Building Size | 70,860 SF |
| Total Land Area | 2.80 AC |
Properties
| Property Name / Address | Property Type | Size | Year Built | Individual Price |
|---|---|---|---|---|
| 1485 Elmwood Ave, Cranston, RI 02910 | Industrial | 62,000 SF | 1914 | - |
| 1471 Elmwood Ave, Cranston, RI 02910 | Office | 8,860 SF | 1942 | - |
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1471 & 1485 Elmwood Avenue
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