The Seyon Group Acquires Two-Building Industrial Portfolio In North Andover For $12.5M
300 Willow Street & 125 Flagship Drive
$12,500,000
$77/SF
Building Size
160,954 SF
Asset Type
Industrial
Closing
Jul 10, 2025
AI
The transaction involved a two-building light industrial portfolio located at 300 Willow Street and 125 Flagship Drive in North Andover, MA. The sale price was $12,500,000 for a total of 80,477 square feet, resulting in a price per square foot of $155.
Summary of transation details:
- Property Type: Industrial
- Transaction Amount: $12,500,000
- Address: 300 Willow Street & 125 Flagship Drive
- Market: North Andover, MA
- Square Footage: 80,477
- Price per Square Foot: $155
- Buyer: The Seyon Group
- Broker Representatives: Michael Restivo, Brian Tisbert, David Coffman & Tommy Hovey - JLL
JLL facilitated the sale of the industrial portfolio, representing the interests of the buyer, The Seyon Group, in this transaction. The brokers involved played a crucial role in managing the deal and ensuring its successful completion.
Players
North Andover 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
1.27%
Cash-on-Cash
-0.36%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93