Lam Cheung Purchases Industrial Asset At 678 Andover Street Lawrence For $1.95M From Christian Kreilkamp
678 Andover Street
$1,950,000
$175/SF
Building Size
11,100 SF
Asset Type
Industrial
Closing
Jan 19, 2026
AI
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
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
8.13%
Cash-on-Cash
-2.32%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93