Notre Dame Professional Office Building

Office for Sale
Catylist Listing ID: 30534868
Property Subtypes: Medical, Office Building
Condo? Yes
Building Size (RSF): 5,000 SF
Sale Price: $380,000
Property Use Type: Investment, Vacant/Owner-User, Business
Building Name: Notre Dame Professional Office Building
Class of Space: Class C
Usable Size (USF): 5,000 SF
Sale Terms: Sale/Leaseback
Cap Rate: Undisclosed
Last Updated: 11/21/2020

Overview / Comments

This property is known as the 'Notre Dame Medical Office Building' located on Broad Street in Central Falls, Rhode Island. The building is located at the entrance of the newly constructed 47,000 sq.ft Blackstone Valley Community Health Center (Neighborhood Health Station) which includes tenants such as CVS, Advanced Radiology and Lifespan. The subject is two levels with eight rentable units ranging in size from 637 sq.ft to 1,321 sq.ft with all being in average condition and well maintained by the owners. Presently the property is operated as a condominium building, but can change depending on ownership. Property is located in a high traffic area within steps from the busy community health center and RIPTA bus stop. Very well maintained building with leaseback opportunity. Property is on a ground lease with Notre Dame Hospital.

Financials

Finance Data Year 2019
Net Operating Income $61,650 (Annual)
Actual or Proforma Year Proforma

Additional Details

Nearest MSA: Providence-Warwick
County: Providence
Taxing Authority: Central Falls
Tax ID/APN: CF 4-221A
Is Condo?: Yes
Zoning: COMMERCIAL
Property Visibility: Good
Total Number of Buildings: 1
Number of Stories: 2
Year Built: 1986
Construction/Siding: Brick
Parking Type: Surface
Total Parking Spaces: 24
Passenger Elevators: 1
Sprinklers: None
Heat Type: Natural Gas
Heat Source: Central
Air Conditioning: Engineered System
Water Service: Municipal
Sewer Type: Municipal

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Demographic Statistics

Proximity: 1 mile 3 miles 5 miles
Total Population: 36,042 152,636 306,251
Median Age: 33.07 37.26 36.92
Households: 13,693 60,487 119,644

Contact

Photograph of Listing Agent

Michael P Lefrancois

Regal Consulting Group ECCPN Member
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