Kaloutas & Co. Acquires Industrial Property In North Andover, MA For $4M
SOLD
$4,000,000
Massachusetts
See Similar DealsIndustrial28,800 SF
Sold 02/02/2022
SOLD
Kaloutas & Co. Acquires Industrial Property In North Andover, MA For $4M
49 Orchard Hill Road, North Andover, Massachusetts 01845, United States
See Similar DealsIndustrial28,800 SF
Sold 02/02/2022
Summary
MASSACHUSETTS
Asset Type:Industrial
Price Per Square Foot:$138
Total Square Footage:28,800 SF
Transaction Type:Sale
The industrial property at 49 Orchard Hill Rd in North Andover, MA has been sold for $4,000,000. The property spans across 28,800 square feet and has a price per square foot of $139. The sale was completed on February 2, 2022. The buyer of the property is Kaloutas & Co., while the seller is AAA Northeast.
Summary of transaction details
- Property Type: Industrial
- Transaction Amount: $4,000,000
- Square Footage: 28,800
- Price per Square Foot: $139
- Address: 49 Orchard Hill Rd, North Andover, MA
- Date of Sale: February 2, 2022
- Buyer: Kaloutas & Co.
- Seller: AAA Northeast
Chris Everest of Nordlund Associates represented the buyer, Kaloutas & Co., in this transaction.
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$213,333.32
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$14,211.17
Cash-on-Cash Return-1.27%
Monthly Debt Service$18,962.04
Annual Debt Service$227,544.49
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