Park Street Offices, LLC Acquires Mixed-Use Property In Andover, MA For $4.75M

The mixed-use property located at 63 Park St in Andover, MA has been sold for a price of $4,750,000. The property spans across 28,383 square feet and was sold by Springburn to Park Street Offices, LLC. The sale took place on March 14, 2022. The property is situated in the Andover market, known for its diverse range of commercial and residential real estate offerings.

Summary of transation details

• Property Type: Mixed-use
• Transaction Amount: $4,750,000
• Square Footage: 28,383
• Address: 63 Park St, Andover, MA
• Market: Andover, MA
• Buyer: Park Street Offices, LLC
• Seller: Springburn
• Buyer's Representative: John McLaughlin - McLaughlin Investments
• Seller's Representative: Buck Property Management

John McLaughlin from McLaughlin Investments acted as the buyer's representative in the transaction, while Buck Property Management represented the seller. The purchase price of $4,750,000 translates to a price per square foot of $167. This sale provides an opportunity for Park Street Offices, LLC to establish its presence within the Andover market and leverage the property's mixed-use potential for various commercial and residential purposes.