Published on: Friday, October 18, 2024
Updated on: Friday, October 18, 2024
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About the Lister
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Name: Eric Vu
Company: Anchor Point Capital
Office Phone:  949.667.1077
Cell Phone:  949.667.1077
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  USPS
963-969 Victory Hwy Burrillville Rhode Island , 02839
963-969 Victory Hwy Burrillville Rhode Island , 02839Anchor Point Capital
Listing ID: CL-Rhode Island-1247

Purchase Option

Acquisition Option: Traditional Purchase
Cap Rate (%): 8
Net Operating Income: $64,675
Commission Split (%): 0
Quick Glance
Listing ID: CL-Rhode Island-1247
Status: Accepting Offers
Financing: Third Party Financing
Occupancy: 100%
Year Build: 1945
Building Size: 5,015.00 SqFt
Lot Size: N/A
No of Stories: 2
No of Parking: N/A
Offer to Millionaire Club: No
Business Available for Sale: No
Is Net Lease Investment: Yes
Property On Ground Lease: No
Building Status: Existing
Listing Summary
USPS Recent Five Year Extension. Federal Government-Backed Lease
Complete Details
Year Build: 1945
Building Size: 5,015 SqFt.
No of Stories: 2
Total Lot Area: N/A SqFt.
No of Parking: N/A
No of Total Units: 1
Property Current Status: Normal Sale
Building Status: Existing
Heating and Cooling: Not Specified
Building Class: Not Specified
Property on Ground Lease?: No
Net Lease Investment?: Yes
Business Price Included?: No
Roofing: Not Specified
Occupancy: 100%
Full Description
Excellent Multi-Tenant Investment Opportunity ?Long-Term Lease Extension: The United States Post Office recently extended their lease for an additional five years, ensuring a stable income stream backed by the federal government. ?Stable, Fully Occupied Property: This mixed-use property is 100% occupied, featuring a post office, an apartment, an office, and a garage, providing diversified rental income. ?Federal Government-Backed Lease: The Post Office lease is backed by the federal government, offering a secure, low-risk investment opportunity with a reliable tenant. Prime Location in the Providence MSA
Additional Properties
Property Highlights
  • Prime Location in the Providence MSA
  • ⚓Strategic Market: Providence MSA is the largest metropolitan area in Rhode Island, known for its vibrant economy driven by healthcare, education, and government sectors.
  • ⚓Major Employers: The area is home to significant employers such as:
  • ⚓Lifespan Health System (15,000 employees)
  • ⚓Brown University (10,000 employees)
  • ⚓Rhode Island Hospital (7,500 employees)
  • ⚓Amica Mutual Insurance (3,000 employees)
  • ⚓Low Office Vacancy: The region has low vacancy rates across residential and commercial sectors, fueling strong demand for mixed-use properties.
  • ⚓Ongoing Developments: Ongoing developments in the area, including waterfront revitalization projects and expansions in tech and healthcare sectors, are bolstering economic growth, driving both residential and business demand in Providence MSA.
Actual - Cash Flow
Cash Flow Year Gross Income Effective GrossIncome Operating Expenses Net Operating Income Pre Tax Cash Flow Cap Rate
2024
$0
$0
$0
$64,675
$0
0%
Cash Flow for Current Listings
Listing Location
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