Updated Oct 28, 2024
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
About this deal
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.
On the Map
$4,000,000
$138/SF
Industrial
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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