Hadwin Street Historic Mill, 64-68 Hadwin St., Central Falls

INDUSTRIAL: 64,000± square foot mill style industrial building, includes adjacent 5,000 SF vacant paved parking lot.
Excellent investment opportunity, establish a secured monthly cash flow, meanwhile securing long term appreciation growth. Offered at a steep discount, hence immediate and secured investment growth.
Offered at $10.15 per/sq.ft., compared to local industry average of low to mid $20s per/sq.ft. Immediate growth on investment!.
Sprinkler System: DRY SYSTEM!!! no heat required. Annual tax/sewer/etc operating expenses less than 18k. Benefit of potential qualifications/application to City/Federal tax credit incentives/savings.
CREATIVE OWNER FINANCING AVAILABLE, & “Like & Non-Like Kind exchanges (section 1031 exchanges)”:
* Can hold note for prolonged period of time, with % only payments for the build out/start-up period, followed by monthly fixed amount for the bridge period, continued by final balloon payment.
* Willing to consider convertible debt options, with reasonable %, low warrants.
* Continental/International property swaps,w/ “cash boots”, considered.
* Lease to own.

Owner is a retired creative financier, commercial investor with a knack for successful deals that involve flexible purchase options. No banks, or third party institutions involved.
ProForma (A) CASH FLOW: 25,000 sqft LEASED (represents 40% of usable space) @ $6.00 per sqft, with 60% occupancy, yields $90,000 in annual Gross Income, with less than $18k in operating expenses.
Pro-Forma (B) CASH FLOW: 25,000 sqft LEASED (represents 40% of usable space) @ $6.000 per sqft, with 70% occupancy, yields $105,000 in annual Gross Income, with less than $18k in operating expenses.
Investment property w/ High Potential for Gross Income, that even with an excessively high vacancy allowance, allows for a high rate of Effective Gross Income. Operating Expenses are relatively low, expect above market average Net Operating Income.
64,000 SF warehouse space, cash-flow cow, potential flexible use, light mfg./industrial/storage/rental units/artist lofts/partial condo/apt. conversion on upper floors.
The opportunities abound

View Listing Details

Property Type: Industrial
Building Size: 64,000 SF
Price: $650,000
Price Per Sq Ft: $10.16
Address: 64-68 Hadwin St.
City: Central Falls
State: RI
Zip: 02863
Status: Active