1 Catamore Blvd — Sale in East Providence, RI

  • Price: Contact for price
  • Listing type: For sale
  • Asset type: Business
  • Location: East Providence, RI 02914

Photos

1 Catamore Blvd — Sale in East Providence, RI, photo 1 of 3
1 Catamore Blvd — Sale in East Providence, RI, photo 2 of 3
1 Catamore Blvd — Sale in East Providence, RI, photo 3 of 3

Investment Figures

Cap rate
11.50%

Derived from the asking price and operating figures published for this listing. Informational only — not an appraisal, valuation or financial advice. Verify independently before relying on any figure.

Description

Marcus & Millichap is pleased to market 1 Catamore Blvd for sale or lease. Located within the Westminster Industrial & Office Park, this building has not been available for generations. Clayens is in the process of vacating the space, creating a 54,516 SF opportunity for an owner/user or value-add investor. This unique property includes 1.5 acres of paved outdoor storage, ideal for a user looking to park trucks, store materials outside, or utilize a 2:1,000 SF parking ratio in a manufacturing space. Brown Health, the largest health network in Rhode Island, has shown a long-term commitment to its 7,481 SF space. Amedisys, a hospice provider, occupies the remaining office space. Clayens has ended operations at the building leaving the warehouse space available for lease or for an owner/user to occupy. With docks on both sides, the space lends itself to subdivision. The roof-mounted solar project generates approximately $52,000 annually and is fully owned by the seller. Investment Highlights: • The warehouse space features loading on both sides, allowing for a multi-tenant configuration. • Includes an additional two acres of paved land. • Located within a premier industrial park, five miles from Downtown Providence.

Market Context

This mixed use in East Providence, RI is listed for sale. It is offered at an approximate 11.5% capitalization rate, a key benchmark for income-producing mixed use assets. Compare it against other mixed use listings for sale in East Providence, RI — view the full market.

Contact

Explore this market

Similar Business for Sale in Rhode Island