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.
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