Overview
- Updated On:
- August 29, 2024
Description
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+ students with mild to severe exceptionalities ( including but not limited to) Learning disabilities, Autism spectrum disorders, behavioral difficulties, social-emotional issues, health impairments, and various speech-language, cognition, and motor deficits.
CURRENTLY 11 YEARS LEFT ON THE LEASE WITH 2.5% INCREASES EACH YEAR.
Address: 1301 ELMWOOD Avenue
City: Cranston
State/County: Providence
Zip: 02905
Country: US
Open In Google Maps Property Id : 287704
Price: $ 4,500,000
Bridge Modification Timestamp: 2024-08-29T04:36:24.613Z
Building Area Total: 54604
Building Features: Cafeteria,Laboratory,Restrooms,Security,Sprinklers
Business Type: School/University
Cap Rate: 7
Community Features: Bus,Commuter Bus,Golf,Highway Access,Hospital,Interstate,Marina,Private School,Public School,Railroad,Recreational Facilities,Restaurants,Schools,Shopping,Near Swimming
Construction Materials: Brick
Contract Status Change Date: 2024-08-18
Cooling: Individual Unit
Electric: 400 Amps
Existing Lease Type: NNN
Foundation Details: Concrete Perimeter
Gas: Connected
Heating: Baseboard,Forced Water
Leasable Area: 51000
Lease Assignable Y/N: 1
Lease Expiration: 2035-01-01
List Agent Direct Phone: 401-368-4485
List Agent Email: sveloso@residentialproperties.com
List Agent Full Name: Bessette Veloso Group
Listing Contract Date: 2024-08-18
Listing Id: 1366521
Living Area Units: Square Feet
Lot Features: Urban
Lot Size Area: 41302
Lot Size Square Feet: 41302
Lot Size Units: Square Feet
Mls Status: Active
Modification Timestamp: 2024-08-29T04:32:24.227Z
Number Of Buildings: 1
Number of Units in Community: 1
Number of Units Total: 1
Occupant Type: Tenant
Original Entry Timestamp: 2024-08-18T20:05:11.113Z
Original List Price: 4500000
Parking Total: 40
Possible Use: Other
Road Surface Type: Blacktop
Sewer: Connected
State or Province: RI
Status Change Timestamp: 2024-08-18T20:05:11.113Z
Street Additional Info: 125
Street Name: ELMWOOD
Street Number: 1301
Street Suffix: Avenue
Tax Annual Amount: 0
Tax Year: 2023
Water Source: Connected
Year Built: 1952
Years Current Owner: 6
Other Features
Has Cooling System
Has Heating System
$ 17,447.39
per month- Principal and Interest
- Property Tax
- HOA fee
$ 17,447.39
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