400 Reservoir Ave - Medical FOR SALE


Providence, RI 02907
$5,250,000 USD
401-447-6062
400 Reservoir Ave, Providence, RI for Sale
$5,250,000 USD
Medical - FOR SALE
1/16
null | Request Cap Rate

400 Reservoir Ave
Providence, RI 02907


OVERVIEW

GREAT 1031 EXCHANGE OPPORTUNITY Iconic Calart Tower is now available for purchase. This is a partial ownership interest of the majority of office suites spread out over all 4 floors of the building. Out of 40 total suites, 5 are individually owned and occupied but could also be purchased. Of the 35 suites being sold as this portfolio, 30 are leased with 5 currently vacant. This historic property boasts unparalleled highway access in all directions. Abundant parking while still maintaining a Providence address add to the desirability of this location. Full rent roll is being developed and will be attached to this listing.

FOR SALE DETAILS

PRICE

$5,250,000 USD

PRICE/SF

$88 USD /SF

CAP RATE

Request Cap Rate

% LEASED

-

TENANCY

Multiple

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

The Calart Tower I

PROPERTY TYPE

Office

PROPERTY SUBTYPE

Medical

TOTAL BUILDING SIZE

-

STORIES

3

BUILDING CLASS

B

YEAR BUILT

1965

SPRINKLERS

-

PARKING SPACES

190

LAND DETAILS

LAND ACRES

3.78 AC

LAND SF

164,657 SF

ZONING

Commercial

APN/PARCEL ID

PROV-001260-000007-000001D,PROV-001260-000007-000001E,PROV-001260-000007-000001F,PROV-001260-000007-000001G,PROV-001260-000007-000001H,PROV-001260-000007-000001I,PROV-001260-000007-000003A,PROV-001260-000007-000003B,PROV-001260-000007-000003C,PROV-001260-000007-000003D,PROV-001260-000007-000003E,PROV-001260-000007-000003F,PROV-001260-000007-000003G,PROV-001260-000007-000003H,PROV-001260-000007-000003I,PROV-001260-000007-000003J,PROV-001260-000007-000003K,PROV-001260-000007-000003L

ASK ABOUT THIS PROPERTY

Jim ConwayConway Commercial GroupMore Info
401-447-6062

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Jim ConwayConway Commercial GroupMore Info
401-447-6062

By clicking the button, you agree to Showcase's Terms of Use and Privacy Policy.