Updated Oct 28, 2024
Spear Street Capital Sells Mixed-Use Property In Andover, MA For $151M
30 Minuteman Rd, Andover, Massachusetts 01810, United States
$151,000,000
Building Size
—
Asset Type
Mixed-use
Closing
Jan 17, 2022
About this deal
AI
The mixed-use property located at 30, 100, and 200 Minuteman Road & 138 River Road in Andover, MA, has been sold for a price of $151,000,000. The transaction took place on 01/18/2022. Spear Street Capital was the seller of the property.
Summary of transaction details
- Property Type: Mixed-use
- Transaction Amount: $151,000,000
- Address: 30, 100, 200 Minuteman Road & 138 River Road, Andover, MA
- Market: Andover, MA
The sale was facilitated by Robert Griffin, Edward Maher, Matthew Pullen, and Samantha Hallowell, representing the Boston Capital Markets Group. They acted as brokers for Spear Street Capital during the transaction.
Players
Andover Mixed-use Market Snapshot
Boundary boundary · Mixed-use · Sale transactions
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
0.11%
Cash-on-Cash
-0.03%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93