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St James Surgery Center 444 Quaker Ln

6,800 SF Office Building Warwick, RI 02886 $4,769,562 CAD ($701.41 CAD/SF) 6.75% Cap Rate

Medical Offices Rhode Island Warwick 444 Quaker Ln, Warwick, RI 02886

INVESTMENT HIGHLIGHTS

  • Long Term Occupancy and Commitment to This Site | Koch Eye Associates has been at this location for over 20 years
  • NNN Investment | Limited Landlord Responsibility | The landlord is only responsible for the structure of the property
  • Favorable Rental Increases | The lease calls for 1.75% annual rental increases throughout the base term and the option period

EXECUTIVE SUMMARY

NNN Pro is pleased to present the exclusive listing for a ST James Surgery Center located at 444 Quaker Lane, Warwick, Rhode Island 02886. The site consists of roughly 6800 rentable square feet of building space on an estimated 0.86-acre parcel of land. This ST James Surgery Center is subject to a 28-year Triple Net (NNN) lease, which commenced 11/1/2004. The current annual rent is $223,078 and has scheduled increases of 1.75% Annually.

PROPERTY FACTS

Sale Type
Investment NNN
Property Type
Office
Property Subtype
Medical
Building Size
6,800 SF
Building Class
B
Year Built
2001
Price
$4,769,562 CAD
Price Per SF
$701.41 CAD
Cap Rate
6.75%
NOI
$321,946 CAD
Tenancy
Single
Building Height
1 Story
Typical Floor Size
6,800 SF
Building FAR
0.18
Lot Size
0.86 AC
Zoning
N/A - No zoning parameters
Parking
67 Spaces (9.85 Spaces per 1,000 SF Leased)
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PROPERTY TAXES

Parcel Number WARW-000230-000001-000001 Improvements Assessment $3,027,502 CAD
Land Assessment $0 CAD Total Assessment $3,027,502 CAD

PROPERTY TAXES

Parcel Number
WARW-000230-000001-000001
Land Assessment
$0 CAD
Improvements Assessment
$3,027,502 CAD
Total Assessment
$3,027,502 CAD
(332) 345-4222

CONTACTS

  • Listing ID: 35007905

  • Date on Market: 2025-03-04

  • Last Updated:

  • Address: 444 Quaker Ln, Warwick, RI 02886

The Office Property at 444 Quaker Ln, Warwick, RI 02886 is currently available for sale. Contact NNN Pro Group for more information.

OFFICE PROPERTIES IN NEARBY NEIGHBORHOODS

NEARBY LISTINGS

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St James Surgery Center | 444 Quaker Ln
(332) 345-4222 x

St James Surgery Center | 444 Quaker Ln

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Glen Kunofsky

(332) 345-4222

(332) 345-4222

Anthony D'Ambrosia

(203) 887-8797

(203) 887-8797

Josh Kanter

(617) 865-1145

(617) 865-1145

Stewart Hickey

(332) 345-2408

(332) 345-2408

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