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600 Federal Street, Andover...

Updated Oct 28, 2024

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

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

About this deal

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.

Traded’s record for 600 Federal Street, Andover, Massachusetts 01810, United States in Andover, Massachusetts covers a office sale from 2022. The building is 120,000 square feet, implying about 0 per square foot on the published price. This page is the Andover, Massachusetts file for the 600 Federal Street, Andover, Massachusetts 01810, United States office sold: pricing, party profiles, and other closed office comps from the same Andover sit in the Market section below. Filter that Andover office set by closing date to see what else sold near 600 Federal Street, Andover, Massachusetts 01810, United States around 2022. Cite this Celera Properties Acquires 120,000 SF Office Building In Andover, MA sale when underwriting similar office product around Andover, Massachusetts.

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

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