Celera Properties Acquires 120,000 SF Office Building In Andover, MA

600 Federal Street, Andover, Massachusetts 01810, United States

Building Size

120,000 SF

Asset Type

Office

Closing

Mar 22, 2022

AI

The office property located at 600 Federal St in Andover, MA has been sold in a transaction on 03/23/2022. The property spans across 120,000 square feet.

Summary of transaction details

Property Type: Office
Transaction Amount: Not specified

The buyer in this transaction is Celera Properties.

Players

CP

Celera PropertiesBuyer

Andover Office Market Snapshot

Boundary boundary · Office · Sale transactions

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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