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Marcus & Millichap Sells Industrial Building At 45 Beechwood Drive North Andover For $4.85M
SOLD
$4,850,000
Massachusetts
See Similar DealsIndustrial30,855 SF
Sold 12/30/2024
SOLD
Marcus & Millichap Sells Industrial Building At 45 Beechwood Drive North Andover For $4.85M
45 Beechwood Drive
See Similar DealsIndustrial30,855 SF
Sold 12/30/2024
Summary
MASSACHUSETTS
Asset Type:Industrial
Price Per Square Foot:$157
Total Square Footage:30,855 SF
Transaction Type:Sale
A 30,855-square-foot industrial building located at 45 Beechwood Drive in North Andover, Massachusetts, has been sold for $4.85 million. This flex/industrial asset commands a price per square foot of approximately $157.
Summary of transaction details:
- Property Type: Industrial
- Transaction Amount: $4,850,000
- Square Footage: 30,855
- Address: 45 Beechwood Drive
- Market: North Andover, MA
- Price Per Square Foot: $157
The transaction was facilitated by the brokers Harrison Klein, Luigi Lessa, and Mattias Edenkrans from Marcus & Millichap, highlighting their involvement in this deal.
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$258,666.67
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$17,231.02
Cash-on-Cash Return-1.27%
Monthly Debt Service$22,991.47
Annual Debt Service$275,897.69
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