News: Rhode Island
Posted: June 12, 2020
Foncellino Team of Coldwell Banker Commercial brokers $2.2 million sale for seller, South West Properties
East Providence, RI Foncellino Team of Coldwell Banker Commercial brokered the $2.2 million sale of 1235 Wampanoag Trail for the seller South West Properties. The building, constructed in 1991, consists of 20,000 s/f of 8 retail units ranging from 1,045 s/f to 4,400 s/f. It is located on two acres and offers parking for 80 cars.
The retail plaza is located on Rte. 114, two miles south of I-195 exit 7, with traffic count of 30,000.
The listing broker was Mike Volpe of MG Commercial Real Estate. The Foncellino Team along with MG Commercial helped with the processing of a 1031 exchange by the buyer, White Horse Properties.
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