41 Sanderson Rd Smithfield, RI 02917

Building Details

Year Built

2006

Listing agency Paramount Properties Group Show Phone

Listed by John Cregan · License #RI

Source Crexi

Added: Apr 1 Updated: Jul 20 at 7:15PM Checked: Jul 20 at 7:15PM

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Investment Insights

Based on property information with market context.

41 Sanderson Road is a for-sale office building totaling 45,715 square feet. The property is located at 41 Sanderson Rd in Smithfield, RI 02917.

The offering is positioned within the Northern Rhode Island Medical Submarket, which totals 649,248 square feet and is identified as the third largest submarket. Reported leasing fundamentals include 8,648 square feet of positive absorption in 2023 and 9,275 square feet of positive absorption over the first six months of 2024. The submarket is noted as having the highest vacancy rate in the state at 18.14%, with 40% of this vacancy attributed to Johnston, RI.

Key Highlights

• For‑sale office building totaling 45,715 SF in the Northern Rhode Island medical submarket
• Year built: 2006
• Northern Rhode Island medical submarket size: 649,248 SF (third largest in the state)

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FAQs

What type of property is this?

Office building - For sale office building totaling 45,715 square feet in the Northern Rhode Island medical submarket.

Where is this office building located?

The property is located at 41 Sanderson Rd Smithfield, RI.

What are key features of this property?

This property features: For‑sale office building totaling 45,715 SF in the Northern Rhode Island medical submarket; Year built: 2006; Northern Rhode Island medical submarket size: 649,248 SF (third largest in the state)