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Middletown Commons 850 Aquidneck Ave 41,490 SF 73% Leased Office Building Middletown, RI 02842 $7,260,259 CAD ($174.99 CAD/SF) 7.67% Cap Rate



Investment Highlights
- Upside Potential
- Proximity to Newport & Portsmouth
- Strategic Location
- Strong Demographics
Executive Summary
Property Facts
Amenities
- 24 Hour Access
- Bus Line
- Signage
- Central Heating
- Air Conditioning
Major Tenants
- Tenant
- Industry
- SF Occupied
- Rent/SF
- Lease Type
- Lease End
The Allergy and Asthma Centers are a well established, well respected, multi allergist allergy and asthma practice with offices located throughout Rhode Island. They are committed to providing their patients with the best and most up to date allergy and asthma care available. Dr. Russell Settipane, Dr. Robert Settipane and Dr. Alan Gaines treat adults, children and adolescents for a wide range of allergic problems.
ENT Medicine and Surgery Group & Aquidneck Hearing Center has made itself a part of the East Bay Community for more than 30 years. Dr. James Dobbin opened this practice in Bristol and Middletown, RI in 1987. Dr. Steven Freedman joined him as a partner in 1992. Ear, Nose & Throat is a medical practice that provides care for ear, nose and throat diseases, including hearing loss. They take special care in diagnosing ear problems and hearing loss, and determine which patients can benefit from hearing instruments. When caring for our patients, they take each person's unique needs into account. This allows them to provide an individualized treatment plan that ensures success. The audiology staff at Aquidneck Hearing Center can provide a full range of hearing rehabilitation services, including hearing aids. They offer their patients honesty and transparency, so when they’re making decisions concerning hearing aids, they are well informed.
Coastal Foot and Ankle serves Rhode Island residents with specialized podiatric care. The practice offers treatments for various foot and ankle conditions, including bunions, heel pain, and diabetic foot management. Services extend to pediatric care, addressing children's unique orthopedic needs. Surgical interventions are available for cases requiring operative solutions. The company operates as part of the Southcoast Health Network, providing integrated healthcare services. Coastal Foot and Ankle emphasizes both non-surgical and surgical approaches to improve patients' mobility and quality of life.
Brown University Health, Rhode Island's first health system, was founded in 1994 by Rhode Island Hospital and The Miriam Hospital. A comprehensive, integrated, academic health system with The Warren Alpert Medical School of Brown University, Brown University Health's present partners also include Rhode Island Hospital's pediatric division, Hasbro Children's; Bradley Hospital; Newport Hospital; Gateway Healthcare; Saint Anne's Hospital; Morton Hospital; and Brown Health Medical Group.
At Finn & Meehan Wealth Management, LLC, we strive to deliver a truly personal planning experience. We believe that effective wealth management encourages clarity, not confusion. By simplifying the complexities often associated with financial planning, we inspire clients to pursue their most valued goals. In working towards their financial and lifetime objectives, our clients can achieve renewed confidence. With this newfound confidence in their financial strategies, they can address their concerns about their financial future and return their focus to the things they enjoy most. Through all chapters of life, we strive to provide the financial guidance needed to seek your enhanced quality of life.
The doctors at the Foot and Ankle Institute of New England believe that patients deserve easy access to the medical information required to make informed decisions about their health. The Institute aims to educate each patient about their condition, present various treatment options, and implement the chosen plan with the utmost quality of care. A collaborative effort is made to discover the most suitable solution for each individual's foot and ankle problems, taking into account their unique lifestyle. In their dedication to ongoing learning, the doctors maintain memberships in the American Podiatric Medical Association, American College of Foot and Ankle Surgeons, and hold board certification from the American Board of Podiatric Surgery. At the Foot and Ankle Institute of New England, the team is committed to assisting patients.
A strong and flexible body, a steady mind, a joyous spirit, these are the promises of the art and the science of yoga.
Dr. Dean Janssen has been providing safe, natural and effective chiropractic care since 1995. He is a graduate of the University of Rhode Island in 1989 and Life Chiropractic College in 1995. Before relocating his family back to Portsmouth in 2003, he had a private practice in Pompano Beach, Florida.
Karns & Kerrison is a privately held law firm founded in 1974. Headquartered in Providence, Rhode Island, the firm also maintains an office in Middletown. It provides legal representation across Rhode Island and Massachusetts, focusing on personal injury, workers' compensation, Social Security disability, and bankruptcy cases. The firm is known for handling complex claims involving traumatic brain injuries, vehicle accidents, and wrongful death. Karns & Kerrison has recovered hundreds of millions of dollars in compensation for clients and is led by a team with over 115 years of combined legal experience.
With over 30 years of legal experience and extensive background in a broad range of cases, it is likely that we have negotiated/litigated several cases that deal with your legal matter. As attorneys, they practice throughout Rhode Island state courts including District Court, Superior Court and in the RI Supreme Court. By providing professional services, they look to develop a strong partnership with their diverse client base of individuals, expanding corporations, and entrepreneurial businesses. They enjoy a strong client following throughout Newport County - from Tiverton to Portsmouth, Middletown, Newport and Jamestown
| Tenant | Industry | SF Occupied | Rent/SF | Lease Type | Lease End | |
|
Health Care and Social Assistance | - | - | Triple Net | - | |
|
Health Care and Social Assistance | - | - | Triple Net | - | |
|
Health Care and Social Assistance | - | - | - | - | |
|
Health Care and Social Assistance | - | - | - | - | |
|
Finance and Insurance | - | - | - | - | |
|
Health Care and Social Assistance | - | - | - | - | |
|
Educational Services | - | - | - | - | |
|
Health Care and Social Assistance | - | - | - | - | |
|
Professional, Scientific, and Technical Services | - | - | - | - | |
|
Professional, Scientific, and Technical Services | - | - | - | - |
Space Availability
- Space
- Size
- Space Use
- Build-Out
- Available
Retail space available on Aquidneck Avenue. .
Retail space available on Aquidneck Avenue. .
Retail space available on Aquidneck Avenue. .
- Lower Level-Ste B2A
- 1,288 SF
- Office
- -
- Now
Office / medical units available
| Space | Size | Space Use | Build-Out | Available |
| Lower Level-Ste B-8 | 1,220 SF | Office | Full Build-Out | Now |
| Lower Level-Ste B1-B | 1,640 SF | Office | Full Build-Out | Now |
| Lower Level-Ste B2 | 2,041 SF | Office | Full Build-Out | Now |
| Lower Level-Ste B2A | 1,288 SF | Office | - | Now |
| Lower Level-Ste B4-B7 | 5,088 SF | Office/Medical | Partial Build-Out | Now |
Lower Level-Ste B-8
| Size |
| 1,220 SF |
| Space Use |
| Office |
| Build-Out |
| Full Build-Out |
| Available |
| Now |
Lower Level-Ste B1-B
| Size |
| 1,640 SF |
| Space Use |
| Office |
| Build-Out |
| Full Build-Out |
| Available |
| Now |
Lower Level-Ste B2
| Size |
| 2,041 SF |
| Space Use |
| Office |
| Build-Out |
| Full Build-Out |
| Available |
| Now |
Lower Level-Ste B2A
| Size |
| 1,288 SF |
| Space Use |
| Office |
| Build-Out |
| - |
| Available |
| Now |
Lower Level-Ste B4-B7
| Size |
| 5,088 SF |
| Space Use |
| Office/Medical |
| Build-Out |
| Partial Build-Out |
| Available |
| Now |
Lower Level-Ste B-8
| Size | 1,220 SF |
| Space Use | Office |
| Build-Out | Full Build-Out |
| Available | Now |
Retail space available on Aquidneck Avenue. .
Lower Level-Ste B1-B
| Size | 1,640 SF |
| Space Use | Office |
| Build-Out | Full Build-Out |
| Available | Now |
Retail space available on Aquidneck Avenue. .
Lower Level-Ste B2
| Size | 2,041 SF |
| Space Use | Office |
| Build-Out | Full Build-Out |
| Available | Now |
Retail space available on Aquidneck Avenue. .
Lower Level-Ste B4-B7
| Size | 5,088 SF |
| Space Use | Office/Medical |
| Build-Out | Partial Build-Out |
| Available | Now |
Office / medical units available
Property Taxes
| Parcel Number | MIDD-000114-000000-000092C | Improvements Assessment | $1,842,716 CAD |
| Land Assessment | $2,590,809 CAD | Total Assessment | $4,433,526 CAD |
Property Taxes
Presented by
Middletown Commons | 850 Aquidneck Ave
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