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49 Orchard Hill Road, North...

Kaloutas & Co. Acquires Industrial Property In North Andover, MA For $4M
SOLDIndustrial

Kaloutas & Co. Acquires Industrial Property In North Andover, MA For $4M

49 Orchard Hill Road, North Andover, Massachusetts 01845, United States

$4,000,000

$138/SF

Building Size

28,800 SF

Asset Type

Industrial

Closing

Feb 1, 2022

AI

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.

Players

Christopher Everest

Nordlund Associates

Broker

$36.6M

vol

13 deals

Broker

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

3.97%

Cash-on-Cash

-1.13%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93