Focus Partners Wealth Signs 7,870 Square Foot Lease At 40 Shattuck Road In Andover, MA
40 Shattuck Road
Building Size
7,870 SF
Asset Type
Office
Closing
Apr 17, 2026
AI
The property involved in the transaction is an office space located at 40 Shattuck Road in Andover, Massachusetts, with a total square footage of 7,870. This asset is situated in a market that supports commercial real estate transactions.
Summary of transaction details:
- Property Type: Office
- Transaction Amount: Not Disclosed
- Address: 40 Shattuck Road
- Market: Andover, MA
- Landlord: Dennis A. Clarke - Cummings Properties
- Tenant: Focus Partners Wealth
- Brokers: Mike Truesdale - Cummings Properties & Bill Motley - Newmark
Focus Partners Wealth has expanded its Northeast footprint by signing a lease at this location, contributing to its overall portfolio of approximately 140 locations across the United States. The lease was facilitated by the brokerage firms representing the parties in the transaction.
Players
Andover Office Market Snapshot
Boundary boundary · Office · Lease transactions
Loading comparables…
Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
5.80%
Cash-on-Cash
-1.66%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93