Updated Nov 3, 2026
Pete Lecours Purchases Industrial Property At 678 Andover Street In Lawrence For $1.7M
678 Andover Street
$1,700,000
$170/SF
Building Size
9,975 SF
Asset Type
Industrial
Closing
Oct 29, 2026
About this deal
AI
This industrial asset, located at 678 Andover Street in Lawrence, MA, has a sale price of $1,700,000. The property encompasses a total area of 9,975 square feet, resulting in a price per square foot of $170.
Summary of transaction details:
- Property Type: Industrial
- Transaction Amount: $1,700,000
- Address: 678 Andover Street
- Market: Lawrence, MA
- Square Footage: 9,975
- Price per Square Foot: $170
- Buyer: Pete Lecours
- Seller: Mike Robbins
- Seller's Representative: Mattias Edenkrans & Luigi Lessa - Marcus & Millichap
In this transaction, Pete Lecours acquired the industrial property from seller Mike Robbins. The deal was facilitated by Mattias Edenkrans and Luigi Lessa, who represented the seller through their agency, Marcus & Millichap.
On the Map
$1,700,000
$170/SF
Industrial
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Players
Lawrence 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
9.33%
Cash-on-Cash
-2.67%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93