Property Overview
CBRE is pleased to offer an approximately 8,007 SF building for sale located at 132 George Cohan Boulevard (“132 GCB”). 132 GCB offers a user or investor a highly visible presence located a short walk from Wickenden Street and the rapidly emerging I-195 corridor. 132 GCB is proximate to the the campuses of Brown University, Rhode Island School of Design and Johnson & Wales University. With major investment occurring in the vicinity, the property offers a user or investor the chance to gain entrance into the growing section of the city of Providence. While the walkability to the exciting growth immediately to the west of the property is an amenity, the exposure to Interstate 95 offers significant visibility for a company and the short walk to India Point Park is a nice employee amenity.
- Excellent highway access to Interstates 95 and 195 via Point Street.
- Highly walkable location with Wickenden Street
(1-minute walk), the new pedestrian bridge
(6-minute walk), India Point Park (6-minute walk) and downtown transit connector (10-minute walk) - Abundance of natural light and dramatic 10 foot high ceilings on both the first and second floors.
There is a tenant in place on the 1st and 2nd floors. The seller currently uses the finished lower level. The tenant has a May 1, 2022 expiration and has expressed a willingness to renew in a smaller footprint. The tenant does not have renewal rights so the property could be fully vacant for May 1, 2022 or could be a user/investor opportunity thereby allowing for SBA financing opportunities at favorable rates. The incredible visibility and location with a myriad of potential outcomes present an exciting opportunity.
Building Specifications
- Plat Lot: Plat 18; Lot 249
- Land: 3,049 SF
- Zone: R-2. Property use is office since 2003
- Building Size: 8,007 SF
- Built: 1950
- Floor Plate:
– 1st – 3,193
– 2nd – 3,217
– Lower Level – 1,597 - Elevator/Lift:
– Hydraulic National Wheel-O-Vator Wheel Chair Lift
– Lift Capacity: 750 lbs.
- Tenant: Center for Women & Enterprise
- Expiration: May 1, 2022
- Roof: EPMD
- Assessed Value: $747,200 (2020)
- Real Estate Taxes: $27,422.24 ($3.43 per SF) (July 20 – Jun 21)
- Electric: National Grid 400 amp, 200 volt
- Gas: National Grid
- HVAC: 2 RTU’s
- Furnace: American Standard Freedom 90 Single Stage
- Restrooms:
– 1st floor: 2
– 2nd floor: 2
– Lower level: 1 - Kitchenettes: On each floor
- Life Safety: Fire Lite MS-4; 6 pull stations
- Ceiling Heights:
– 1st floor: 10 feet
– 2nd floor: 10 feet
– Lower level: 7’3”
Location
For More Information, Please Contact:
ANDREW GALVIN
First Vice President
+1 401 835 6019
andrew.galvin@cbre.com
patrick joyce
Vice President
+1 401 621 4334
patrick.joyce@cbre.com
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