1 Randall Square

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1 Randall Square

Providence, RI 02904
Asking Price
$1.10M
Asset Type
Medical Office Office
Class
Class B

AI Property Summary

Structured overview optimized for LLM context (ChatGPT, Perplexity, Claude).

  • Medical office asset available for purchase in Providence.
  • Property is currently listed at an asking price of $1,100,000.
  • Located at 1 Randall Square within a major Rhode Island market.
  • Layout accommodates clinical practices and professional medical service providers.
  • Strategic position offers connectivity to key regional infrastructure assets.

What's Special

Providence serves as a vital economic and educational hub in Rhode Island, supporting a robust professional community across the downtown and surrounding districts. The office property at 1 Randall Square provides a strategic footprint within this established capital city market. This medical office asset encompasses a versatile layout designed to accommodate specialized health services or clinical administrative operations. Prospective owners benefit from a location that maintains strong connectivity to regional infrastructure and neighboring healthcare providers. Given the current configuration, the facility supports various medical practices or professional office uses seeking a central position in the metro area. Its placement within a high-density environment ensures accessibility for both staff and patients navigating the broader Providence region. The building offers functional space for those looking to expand their clinical footprint or establish a new medical presence in a key Rhode Island submarket.

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NOI
$80,000
Cap Rate
7.27%
DSCR
1.22
Tight
Cash-on-Cash
4.45%
Monthly Payment
$5,442.2
Annual Cash Flow
$14,693.602

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