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3000 Minuteman Road, Andove...

Updated Oct 28, 2024

Atlantic Management Sells Mixed-Use Property In Andover, MA For $190M
SOLDMixed-use

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

Matthew Pullen

Newmark

Broker

$6.2B

vol

57 deals

Broker
AM
Atlantic ManagementSeller

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

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