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Lam Cheung Purchases Industrial Asset At 678 Andover Street Lawrence For $1.95M From Christian Kreilkamp

Property Image
SOLD
$1,950,000
Luigi Lessa
Mattias Edenkrans

Massachusetts

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Industrial11,100 SF
Sold 01/20/2026
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Property Image
SOLD

Lam Cheung Purchases Industrial Asset At 678 Andover Street Lawrence For $1.95M From Christian Kreilkamp

678 Andover Street

See Similar Deals
Industrial11,100 SF
Sold 01/20/2026
Luigi Lessa
Mattias Edenkrans
the dealplayerscompscontact
Contact now

Summary

MASSACHUSETTS
Asset Type:Industrial
Price Per Square Foot:$175
Total Square Footage:11,100 SF
Transaction Type:Sale

The asset involved in the transaction is an industrial property located at 678 Andover Street, Lawrence, MA. The sale price for this property was $1,950,000, covering a total area of 11,100 square feet. The price per square foot for this property was $175.

Summary of transaction details:

  • Property Type: Industrial
  • Transaction Amount: $1,950,000
  • Address: 678 Andover Street
  • Market: Lawrence, MA
  • Square Footage: 11,100
  • Price per Square Foot: $175
  • Buyer: Lam Cheung
  • Seller: Christian Kreilkamp
  • Brokers: Mattias Edenkrans & Luigi Lessa - Marcus & Millichap

The transaction involved buyer Lam Cheung and seller Christian Kreilkamp. The brokers representing this deal were Mattias Edenkrans and Luigi Lessa from Marcus & Millichap, facilitating the agreement between both parties in this transaction.

Players

Luigi Lessa
Marcus & Millichap
Luigi Lessa
23 deals$82M volume(617) 896-7216
BROKER
Mattias Edenkrans
Marcus & Millichap
Mattias Edenkrans
14 deals$56.1M volume(617) 896-7218
BROKER
Marcus & Millichap
Marcus & Millichap
BROKERAGE

Details

SOLD
IMAGE: Mattias Edenkrans & Luigi Lessa DATE: 1/20/2026 ADDRESS: 678 Andover Street MARKET: Lawrence, MA ASSET TYPE: Industrial BUYER: Lam Cheung SELLER: Christian Kreilkamp BROKERS: Mattias Edenkrans & Luigi Lessa (@Luigi.Lessa) - Marcus & Millichap (@MarcusMillichapInc) SALE PRICE: $1,950,000 SF: 11,100 ~ PPSF: $175

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Deal Type
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)

$103,999.99

Debt Service Coverage Ratio (DSCR)

0.94x

Cap Rate

5.33%

Cash Flow (Annual)-$6,927.94
Cash-on-Cash Return-1.27%
Monthly Debt Service$9,243.99
Annual Debt Service$110,927.94