Your email has been sent.
" 151 Broadway Center" 151 Broadway 24,956 SF 100% Leased Office Building Providence, RI 02903 $5,339,565 CAD ($213.96 CAD/SF) 10.32% Cap Rate
Investment Highlights
- great investment/development opportunity. Walk downtown/ Atwells Avenue. Easy access to all highways!
Executive Summary
Overlooking Interstate I-95 with immediate access in both northerly and southerly directions; Intersection of Broadway and Dean Streets; also with frontage on Federal and Bradford Streets.
Financial Summary (Actual - 2025) |
Annual (CAD) | Annual Per SF (CAD) |
|---|---|---|
| Gross Rental Income |
$627,522
|
$25.15
|
| Other Income |
$229,622
|
$9.20
|
| Vacancy Loss |
-
|
-
|
| Effective Gross Income |
$857,144
|
$34.35
|
| Taxes |
$80,199
|
$3.21
|
| Operating Expenses |
$225,964
|
$9.05
|
| Total Expenses |
$306,163
|
$12.27
|
| Net Operating Income |
$550,981
|
$22.08
|
Financial Summary (Actual - 2025)
| Gross Rental Income (CAD) | |
|---|---|
| Annual | $627,522 |
| Annual Per SF | $25.15 |
| Other Income (CAD) | |
|---|---|
| Annual | $229,622 |
| Annual Per SF | $9.20 |
| Vacancy Loss (CAD) | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Effective Gross Income (CAD) | |
|---|---|
| Annual | $857,144 |
| Annual Per SF | $34.35 |
| Taxes (CAD) | |
|---|---|
| Annual | $80,199 |
| Annual Per SF | $3.21 |
| Operating Expenses (CAD) | |
|---|---|
| Annual | $225,964 |
| Annual Per SF | $9.05 |
| Total Expenses (CAD) | |
|---|---|
| Annual | $306,163 |
| Annual Per SF | $12.27 |
| Net Operating Income (CAD) | |
|---|---|
| Annual | $550,981 |
| Annual Per SF | $22.08 |
Property Facts
Amenities
- 24 Hour Access
- Bus Line
- Controlled Access
- Security System
- Signage
Major Tenants
- Tenant
- Industry
- SF Occupied
- Rent/SF
- Lease Type
- Lease End
-
- Educational Services
- 11,500 SF
- $28.04 CAD
- Triple Net
- Dec 2028
Empire Beauty School began in Pennsylvania in 1934 and has grown into a nationwide cosmetology education business focused on preparing students for careers in beauty services. The company offers training in hair, skincare, and nails, with students working with real clients, professional products, and a curriculum built around employer expectations. Empire Beauty School also supports students through cosmetology programs, student salon experience, and career placement services, while providing financial aid, scholarships, and grant opportunities for those who qualify. The business serves aspiring beauty professionals who want pathways into salons, self-employment, and other roles across the beauty industry.
| Tenant | Industry | SF Occupied | Rent/SF | Lease Type | Lease End | |
|
|
Educational Services | 11,500 SF | $28.04 CAD | Triple Net | Dec 2028 |
Property Taxes
| Parcel Number | PROV-250425-000000-000000 | Total Assessment | $2,387,206 CAD |
| Land Assessment | $397,447 CAD | Annual Taxes | $80,199 CAD ($3.21 CAD/SF) |
| Improvements Assessment | $1,989,759 CAD | Tax Year | 2025 |
Property Taxes
Presented by
" 151 Broadway Center" | 151 Broadway
Hmm, there seems to have been an error sending your message. Please try again.
Thanks! Your message was sent.