Updated Oct 28, 2024
Atlantic Management Sells Mixed-Use Property In Andover, MA For $190M
3000 Minuteman Road, Andover, Massachusetts 01810, United States
$190,000,000
Building Size
—
Asset Type
Mixed-use
Closing
Jan 17, 2022
About this deal
AI
The mixed-use property located at 3000 Minuteman Road in Andover, MA has been sold for a transaction amount of $190,000,000. The property, owned by Atlantic Management, was sold with the representation of brokers Robert Griffin, Edward Maher, Matthew Pullen, and Samantha Hallowell from Newmark.
Summary of transation details:
- Property Type: Mixed-use
- Transaction Amount: $190,000,000
- Address: 3000 Minuteman Road, Andover, MA
- Market: Andover, MA
The sale of this mixed-use property marks a significant transaction in Andover, MA. It involved the collaboration of brokers Robert Griffin, Edward Maher, Matthew Pullen, and Samantha Hallowell from Newmark, who represented the seller, Atlantic Management.
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
0.08%
Cash-on-Cash
-0.02%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93