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Faits saillants de l'investissement

  • Upside Potential
  • Proximity to Newport & Portsmouth
  • Strategic Location
  • Strong Demographics

Résumé de l'annonce

Horvath & Tremblay is pleased to present the exclusive opportunity to purchase the fee simple interest in Middletown Commons, a multi-tenant medical, retail and professional office center located at 850 Aquidneck Avenue in Middletown, Rhode Island (the “Property”). Middletown Commons was constructed in 1992 and is improved by a 41,490 square foot center on a large 4.76-acre parcel of land. The Property is 73.87% leased and offers significant upside through the lease-up of the vacant space. The Property offers a complimentary mix of tenants that serve the needs of the area residents. Middletown Commons benefits from a prime location along Aquidneck Avenue, one of the town’s primary commercial corridors, offering excellent frontage, visibility, and two convenient points of access. Positioned near the intersection with East Main Street (RI Route 138), the Property sits in the heart of Middletown’s retail trade area. The site is surrounded by a strong mix of national and local retailers, restaurants, schools, and established residential neighborhoods, generating consistent consumer traffic and supporting a stable built-in customer base. Located on Aquidneck Island, Middletown Commons is approximately three miles from Downtown Newport, seven miles from Portsmouth, and about 35 miles from Downtown Providence, providing strong connectivity to the island’s primary employment, tourism, and population centers. With its strategic placement within a well-established commercial corridor, the Property is well positioned to benefit from both local demand and regional visitor traffic.

Faits sur la propriété

Type de vente
Investissement
Type de propriété
Bureau
Sous-type de propriété
Médical
Taille du bâtiment
40 933 pi²
Classe d’immeuble
C
Année de construction
1992
Prix
7 486 305 $ CAD
Prix par pi²
182,89 $ CAD
Taux de capitalisation
7,67%
Revenu net d’exploitation
574 495 $ CAD
Pourcentage loué
76%
Location
Multiples
Hauteur du bâtiment
2 étages
Superficie de plancher typique
20 466 pi²
Dalle à dalle
10’
Coefficient d’occupation des sols de l’immeuble
0,20
Taille du lot
4,76 AC
Zonage
LBA

Commodités

  • Accès 24 heures
  • Ligne d'autobus
  • Accès contrôlé
  • Système de sécurité
  • Affichage
  • Chauffage central
  • Affichage sur monument
  • Climatisation

Principaux locataires

  • Locataire
  • Secteur
  • pi² Occupé
  • Loyer/pi²
  • Type de bail
  • Fin du bail
  • Soins de santé et assistance sociale
  • -
  • -
  • Loyer hypernet
  • -

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.

  • Soins de santé et assistance sociale
  • -
  • -
  • Loyer hypernet
  • -

Aquidneck Hearing Center operates as the hearing care arm of Ear Nose & Throat Medicine and Surgery Group, a Rhode Island medical practice organized in 2004, with the Aquidneck Hearing Center name filed as a fictitious name in the state record. The practice focuses on audiology and otolaryngology, serving patients with hearing concerns, hearing loss treatment, and hearing aid support. The center provides diagnostic hearing care, hearing aid evaluation, and related ear, nose, and throat services. The business remains active in Middletown, Rhode Island, and continues to present itself as a patient-focused hearing care practice with clinical audiology support.

  • Soins de santé et assistance sociale
  • -
  • -
  • -
  • -

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.

  • Soins de santé et assistance sociale
  • -
  • -
  • -
  • -

Brown University Health began in 1994 through the affiliation of Rhode Island Hospital and The Miriam Hospital. Brown University Health is a not-for-profit academic health system that includes teaching hospitals, community hospitals, behavioral health services, physician practices, and specialty care programs. The network encompasses Rhode Island Hospital and its Hasbro Children's division, The Miriam Hospital, Bradley Hospital, Newport Hospital, Saint Anne's Hospital, Morton Hospital, Gateway Healthcare, and Brown Health Medical Group. Brown University Health works closely with The Warren Alpert Medical School of Brown University and serves communities across Rhode Island and southeastern Massachusetts through inpatient care, outpatient services, and medical education.

  • Finance et assurances
  • -
  • -
  • -
  • -

Finn & Meehan Wealth Management was formed by John Finn and Sharon Meehan, combining decades of individual experience into a personal investing practice. The company focuses on financial planning, investment planning, estate planning, protection planning, retirement planning, and tax planning, with an emphasis on independent and unbiased advice. Finn & Meehan Wealth Management works in alignment with LPL Financial and serves clients seeking individualized plans that connect financial decisions with personal goals and values.

  • Soins de santé et assistance sociale
  • -
  • -
  • -
  • -

The practice was established in the mid-2000s as a Rhode Island-based medical group focused on foot and ankle care. The company operates as a podiatry group practice centered on podiatry and podiatric foot and ankle surgery within Rhode Island's health system. Services include care for bunions, hammer toe, flat or high-arched feet, Charcot joints, fractures, and foot or ankle pain and swelling, reflecting a broad medical and surgical foot-and-ankle vertical.

  • Services éducatifs
  • -
  • -
  • -
  • -

Innerlight Center For Yoga & Meditation began in 1995 under the direction of Kim Chandler, who has long served as the founder and director. The company offers studio classes, virtual classes through Zoom, and private yoga sessions, with programming that also includes meditation and Proprioceptive Writing. Innerlight also runs yoga teacher training, including 200-hour and advanced 300-hour study, along with retreats and immersion events. The business combines movement, meditation, and writing practices into a single wellness-focused service mix for students and teacher trainees.

  • Soins de santé et assistance sociale
  • -
  • -
  • -
  • -

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.

  • Services professionnels, scientifiques et techniques
  • -
  • -
  • -
  • -

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.

  • Services professionnels, scientifiques et techniques
  • -
  • -
  • -
  • -

Law Offices of David F. Fox began as a Rhode Island legal practice in 1988 and has built experience in business law, real estate, zoning and planning, estate planning, civil litigation, personal injury, and criminal law. The firm handles real estate closings, business planning and organization, personal injury and auto accident matters, criminal defense, and traffic violations. The practice extends across Rhode Island state courts, including District Court, Superior Court, and the Rhode Island Supreme Court, serving individuals, expanding corporations, and entrepreneurial businesses. The firm also provides services in real estate transactions, personal injury, criminal law, property disputes, business formation, and estate planning.

Locataire Secteur pi² Occupé Loyer/pi² Type de bail Fin du bail
Soins de santé et assistance sociale - - Loyer hypernet -
Soins de santé et assistance sociale - - Loyer hypernet -
Soins de santé et assistance sociale - - - -
Soins de santé et assistance sociale - - - -
Finance et assurances - - - -
Soins de santé et assistance sociale - - - -
Services éducatifs - - - -
Soins de santé et assistance sociale - - - -
Services professionnels, scientifiques et techniques - - - -
Services professionnels, scientifiques et techniques - - - -

Disponibilité des espaces

  • Espace
  • Taille
  • Utilisation de l’espace
  • Aménagement
  • Disponible
  • Niveau inférieur-ste B-8
  • 1 220 pi²
  • Bureau
  • construction complète
  • Maintenant
  • Niveau inférieur-ste B1-B
  • 1 640 pi²
  • Bureau
  • construction complète
  • Maintenant

Espace commercial disponible sur l'avenue Aquidneck.

  • Niveau inférieur-ste B2
  • 2 041 pi²
  • Bureau
  • -
  • Maintenant
  • Niveau inférieur-ste B4-B7
  • 5 088 pi²
  • Bureau/Médical
  • construction partielle
  • Maintenant

Unités de bureaux / médicales disponibles

Espace Taille Utilisation de l’espace Aménagement Disponible
Niveau inférieur-ste B-8 1 220 pi² Bureau construction complète Maintenant
Niveau inférieur-ste B1-B 1 640 pi² Bureau construction complète Maintenant
Niveau inférieur-ste B2 2 041 pi² Bureau - Maintenant
Niveau inférieur-ste B4-B7 5 088 pi² Bureau/Médical construction partielle Maintenant

Niveau inférieur-ste B-8

Taille
1 220 pi²
Utilisation de l’espace
Bureau
Aménagement
construction complète
Disponible
Maintenant

Niveau inférieur-ste B1-B

Taille
1 640 pi²
Utilisation de l’espace
Bureau
Aménagement
construction complète
Disponible
Maintenant

Niveau inférieur-ste B2

Taille
2 041 pi²
Utilisation de l’espace
Bureau
Aménagement
-
Disponible
Maintenant

Niveau inférieur-ste B4-B7

Taille
5 088 pi²
Utilisation de l’espace
Bureau/Médical
Aménagement
construction partielle
Disponible
Maintenant

Niveau inférieur-ste B-8

Taille 1 220 pi²
Utilisation de l’espace Bureau
Aménagement construction complète
Disponible Maintenant

Niveau inférieur-ste B1-B

Taille 1 640 pi²
Utilisation de l’espace Bureau
Aménagement construction complète
Disponible Maintenant

Espace commercial disponible sur l'avenue Aquidneck.

Niveau inférieur-ste B4-B7

Taille 5 088 pi²
Utilisation de l’espace Bureau/Médical
Aménagement construction partielle
Disponible Maintenant

Unités de bureaux / médicales disponibles

Assez accessible à pied
50/100
Exceptionnellement adapté aux voitures
100/100
Relativement accessible en vélo
20/100

Impôts fonciers

Impôts fonciers

Numéro de lot
MIDD-000114-000000-000092C
Évaluation du terrain
2 671 473 $ CAD
Évaluation des bâtiments
1 900 089 $ CAD
Évaluation totale
4 571 562 $ CAD
  • ID d’inscription: 40393650

  • Date de mise sur le marché: 2026-05-04

  • Dernière mise à jour:

  • Adresse: 850 Aquidneck Ave, Middletown, RI 02842

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