1291 Elmwood Ave, Cranston, RI 02910
51,419 SF Specialty Building Offered at $4,500,000 at a 6.67% Cap Rate in Cranston, RI 02910
- Date Added:
- May 17, 2024
- Days on Market:
- 28 days
Asking Price $4,500,000
- Property Type
-
Specialty
- Square Feet
- 51,419 SF
- Price / Square Foot
- $88
Listing Contacts
Scott Veloso
Verified Profile
- Property Info
Property Overview
GREAT INVESTMENT OPPORTUNITY. NNN LEASED PROPERTY WITH ZERO OWNER RESPONSIBILITIES. Leased to PREMIER EDUCAION PARTNERS, A national leader in providing specialized schooling and in district services for K-12+ with 11 Years left on their lease. Going in Cap of 6.67 with 2.5% annual increases for 11 years.
Property Details
- Class
- C
- Year Built/Renovated
- 1932/2018
- Stories
- 3
- Property Subtype
- School
- Lot Size (sq. ft)
- 53,143 SF
Highlights
- NNN No owner responsibilities
- Going in 7 Cap with 2.5% annual increases for 11 years
- Leased to PREMIER EDUCAION PARTNERS, A national leader
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