Andover St Realty Holdings Acquires 20,704 SF Industrial Property In Wilmington For $4.6M
226 Andover St Wilmington, MA 01887, USA
$4,600,000
$222/SF
Building Size
20,704 SF
Asset Type
Industrial
Closing
Jul 28, 2023
AI
A 20,704 square foot industrial/flex building located at 226 Andover St in Wilmington, MA has been sold. The property was purchased for $4.6 million by Andover St Realty Holdings LLC from 226 Andover Street LLC.
Summary of transaction details:
- Property Type: Industrial
- Transaction Amount: $4,600,000
- Square Footage: 20,704
- Address: 226 Andover Street, Wilmington, MA
- Market: Wilmington, MA
- Buyer: Andover St Realty Holdings LLC
- Seller: 226 Andover Street LLC
- Broker: Chris Everest - Nordlund Associates Inc
Chris Everest from Nordlund Associates Inc. represented the buyer Andover St Realty Holdings LLC in the successful negotiation of the sale. The transaction marks the sale of a industrial/flex building in Wilmington, MA.
Boston Industrial Market Snapshot
Boundary boundary · Industrial · Sale transactions
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
3.45%
Cash-on-Cash
-0.99%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93