SV&P John M. Corcoran & Company Acquires Development Site From DND Homes For $20M In Andover
SOLD
$20,000,000
Massachusetts
See Similar DealsDevelopment Site122,000 SF
Sold 01/08/2026
SOLD
SV&P John M. Corcoran & Company Acquires Development Site From DND Homes For $20M In Andover
100 Old River Road
See Similar DealsDevelopment Site122,000 SF
Sold 01/08/2026
Summary
MASSACHUSETTS
Asset Type:Development Site
Price Per Square Foot:$163
Total Square Footage:122,000 SF
Transaction Type:Sale
The asset involved in this transaction is a development site located at 100 Old River Road in Andover, MA. The sale price for this property is $20,000,000, and it encompasses an area of 10 acres.
Summary of transaction details:
- Property Type: Development Site
- Transaction Amount: $20,000,000
- Address: 100 Old River Road
- Market: Andover, MA
- Acres: 10
- Buyer: SV+P; John M. Corcoran & Company
- Seller: DND Homes
- Broker: Yassien Youssef - Compass
The deal features SV+P; John M. Corcoran & Company as the buyer and DND Homes as the seller. Yassien Youssef from Compass represents the transaction as the broker, facilitating the sale of this development site.
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$1,066,666.67
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$71,055.77
Cash-on-Cash Return-1.27%
Monthly Debt Service$94,810.20
Annual Debt Service$1,137,722.44
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