Bain Capital Real Estate Acquires Industrial Property In Andover, MA For $10.35M

The 60,000-square-foot industrial building located at 7 Connector Road in Andover, MA, 01810 has been sold for $10,350,000.00. The property sits on 4.71 acres and features eight loading docks with ramped drive-in access. It is situated in the established 93 North Industrial Market in Andover, providing convenient accessibility to Greater Boston and New Hampshire.

Summary of transation details:

• Property Type: Industrial
• Transaction Amount: $10,350,000.00
• ADDRESS: 7 Connector Rd, Andover, MA, 01810
• MARKET: Andover
• SELLER'S REP: Matthew Quinlan(SVN)
• BUYER: Bain Capital Real Estate
• SELLER: Stickamayka Group
• SF: 60000

Alex Berger and Matt Quinlan represented the seller, Stickamayka Group, LLC, and facilitated the transaction with the buyer, a joint venture between Boston-based Oliver Street Capital and Bain Capital Real Estate. The industrial property, which will be available for lease in August 2022 for the first time in over two decades, attracted the interest of Oliver Street Capital and Bain Capital Real Estate due to their active acquisition strategy in the Greater Boston area.