SMITHFIELD / Lincoln Building

Industrial for Sale
Catylist Listing ID: 29987097
Property Subtypes: Flex Space, Free-Standing, Industrial-Business Park, Manufacturing, Mixed Use, Light Industrial, Office Showroom, Self Storage, Truck Terminal, Warehouse/Distribution, Other
Building Size (RSF): 11,687 SF
Gross Land Area: 7.56 Acres
Sale Price: $1,700,000
Unit Price: $145.46 PSF
Ceiling: 20 ft.
Docks/Doors: 5 Doors
Office SF: 1,600 SF
Drive In Bays: 5 Bays
Property Use Type: Investment, Business
Building Name: Construction Company Building with 2 Lots. 7.56 Acres.
Usable Size (USF): 329,314 SF
Sale Terms: Cash to Seller, Owner Financing, Build-to-Suit, Other
Cap Rate: Undisclosed
Average Occupancy Rate: 100
Last Updated: 7/25/2018

Overview / Comments

Wonderful location and building. Open to multiple industries. Beautiful, open, level grounds. 7.56 acres. Much paved. Plenty of room if future expansion is needed. Sewer and Water. Convenient to highways. Traffic count 52,000 vehicles per day. All lighting new in 2016. New furnace and 50 gallon water heater 2014. Baseboard heat. 500,000 BTU waste oil furnace in 2009. Have Phase I and Phase II Surveys in hand.

Financials

Finance Data Year 2017
Lender Name *Above taxes are for both parcels combined.

Current Tenants

Tenant Business Name Construction Company
Contact Name Paul Lefebvre
Contact Title Agent for Seller
Phone Number 401-714-4493
Industry Type Construction
Is Renting? Yes
Annual Revenue $48,000 (Annual)
Tenant Notes Building owner is paid $48,000/year from the Construction Company occupant.
Tenant Business Name Corporation storage of fifteen trucks.
Contact Name Paul Lefebvre
Contact Title Agent for building owner.
Phone Number 401-714-4493
Industry Type Manufacturing
Tenant Notes **Fifteen trucks stored on premises from nearby manufacturing company.
Tenant Business Name Possible third tenant.
Contact Name Paul Lefebvre
Contact Title Agent for building owner.
Phone Number 401-714-4493
Industry Type Public Administration
Tenant Notes ***120,000/year-this tenant is not currently secured.

Additional Details

Nearest MSA: Providence-Warwick
County: Providence
Taxing Authority: Smithfield
Zoning: COMMERCIAL OVERLAY (SPECIAL USE) AND PLANNED CORPORATE
Property Located Between: Fronts on George Washingtion Hwy. (Route 116), Rocky Hill Rd., Reservoir Rd.
Highway Access: Routes 296, 146, 7, 116.
Airports: North Central Airport, T.F. Green International Airport
Site Description: Beautiful, open level grounds. 7.56 acres. Much paved. Plenty of room if future expansion is needed. Sewer. Convenient to highways. Traffic count 52,000.
Area Description: Smithfield, RI, near the Lincoln, RI line.
Tenancy: Multiple Tenants
Total Number of Buildings: 1
Number of Stories: 1
Typical SF / Floor: 11,687 SF
Property Condition: Excellent
Year Built: 1962
Year Renovated: 2017
Roof Type: Gable
Construction/Siding: Block, Brick, Concrete, Steel Frame
Exterior Description: Brick, Block, Metal
Parking Ratio: 25 (per 1000 SF)
Parking Type: Surface
Parking Description: Tremendous amount of parking. 25 Parking Ratio for 300 vehicles. Paved. gravel, grass.
Total Parking Spaces: 300
Column Spacing: 33' None in the way of vehicle paths. Uniform. 14' doors.
Overhead Cranes: Undisclosed
Sprinklers: None
Amps: 200
X-Phase: Single phase - with Three phase transformer on property
Heat Type: Oil, Hot Water
Heat Source: Baseboard
Lighting: Fluorescent
Internet Access: Cable
Interior Description: Beautiful, Renovated, modern office. Three Restrooms, One Shower, Private CEO Office with Shower. Monitor/File room, Cafeteria room, etc.
Zoning Description: Corporate Overlay (Special Use-Trades Establishments) and Planned Corporate.
Water Service: Municipal
Sewer Type: Municipal
Land Ownership: Owned

Demographic Statistics

Proximity: 1 mile 3 miles 5 miles
Total Population: 1,065 24,631 112,454
Median Age: 47.65 42.45 42.12
Households: 425 8,638 45,094

Contact

Photograph of Listing Agent

Paul E Lefebvre, Jr.

Acumen Group ECCPN Member
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