(518) 472-4000
CALL
diligence. innovation. execution.
« Back to Closings Print

Retail

Permanent Loan - Acquisition

$2,025,000 
10,080 sf Free Standing Drug Store
North Kingstown, RI

Axiom Capital Corporation has arranged a $2,025,000 permanent loan for the acquisition of a drug store in North Kingstown, RI. The non-recourse loan was for 5 years at a fixed rate. The loan also offered a 5-year extension option.

The subject consists of an existing retail property containing 10,080 square feet of gross leasable area, which is 100% leased to CVS. The improvements were constructed in 1982 and renovated in 2003-2004. The site contains a gross area of 1.93 acres

The property is located 18 miles from downtown Providence and is located in the Washington County retail sub-market according to CoStar. The submarket is strong with an average vacancy rate of 4.1% for retail.



diligence.
innovation.
execution.
Contacts

Charles Cronin - President
518-472-4000 ext. 204
axiom@axiom-capital.com

Andrew Kleinberg - Partner
917-710-1505
ajk@axiom-capital.com

Michael S. Del Vecchio - VP of R.E. Finance
518-472-4000 ext. 230
mdv@axiom-capital.com