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300 Willow Street

The Seyon Group Acquires Two-Building Industrial Portfolio In North Andover For $12.5M
SOLDIndustrial

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:

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

Michael Restivo

JLL

Broker

$523.4M

vol

29 deals

Broker
JLL
JLLBrokerage
The Seyon Group
The Seyon GroupBuyer

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