facebook
Traded Co logo
Submit
Daily limit: 0/10

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

Property Image
SOLD
$12,500,000
Brian Tisbert
Michael (Mike) Restivo
+ 1

Massachusetts

See Similar Deals
Industrial160,954 SF
Sold 07/10/2025
the dealplayerscompscontact
Property Image
SOLD

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

300 Willow Street & 125 Flagship Drive

See Similar Deals
Industrial160,954 SF
Sold 07/10/2025
Brian Tisbert
Michael (Mike) Restivo
+ 1
Contact now

Summary

MASSACHUSETTS
Asset Type:Industrial
Price Per Square Foot:$77
Total Square Footage:160,954 SF
Transaction Type:Sale

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 (Mike) Restivo
29 deals$523.4M volume
BROKER

Brian Tisbert
JLL
8 deals$37.4M volume
BROKER

David Coffman
JLL
15 deals$308.2M volume
BROKER

Tommy (Tom) Hovey
JLL
9 deals$125.7M volume(860) 944-3851
BROKER

JLL
BROKERAGE

Details

SOLD
IMAGE: Michael Restivo, Brian Tisbert, David Coffman & Tommy Hovey DATE: 07/10/2025 ADDRESS: 300 Willow Street & 125 Flagship Drive MARKET: North Andover, MA ASSET TYPE: Industrial BUYER: The Seyon Group BROKERS: Michael Restivo, Brian Tisbert, David Coffman & Tommy Hovey - JLL (@JLL) SALE PRICE: $12,500,000 SF: 80,477 ~ PPSF: $155 NOTE: JLL closed a $12.5M sale of a two-building, 80,477-square-foot light industrial portfolio in North Andover, MA, selling it to The Seyon Group.

Stay in the Know

Subscribe for insider commercial real estate news, deal highlights, and market insights—delivered straight to your inbox.

By subscribing, you agree to our Terms of Service and Privacy Policy.

Similar Deals

Contact

Get in touch with the broker you want

Suggestions
CRE CalculatorAnalyze deals based on income, expenses, and financing. We automatically filled the calculator with data from the deal you are viewing, fill free to modify it to see how it affects the results.
Deal Type
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)

$666,666.67

Debt Service Coverage Ratio (DSCR)

0.94x

Cap Rate

5.33%

Cash Flow (Annual)-$44,409.85
Cash-on-Cash Return-1.27%
Monthly Debt Service$59,256.38
Annual Debt Service$711,076.53