Updated Jan 13, 2026
SV&P John M. Corcoran & Company Acquires Development Site From DND Homes For $20M In Andover
100 Old River Road
$20,000,000
$163/SF
Building Size
122,000 SF
Asset Type
Development Site
Closing
Jan 7, 2026
About this deal
AI
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.
On the Map
$20,000,000
$163/SF
Development Site
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Players
North Andover Development Site Market Snapshot
Boundary boundary · Development Site · Sale transactions
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
0.79%
Cash-on-Cash
-0.23%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93