EagleBridge Capital Arranges $20.7M Loan For Andover Research & Development Property
3 Riverside Drive
$20,700,000
$222,580/SF
Building Size
93 SF
Asset Type
Other
Closing
Dec 8, 2022
AI
A research and development property located at 3 Riverside Dr in Andover, MA, has been involved in a closed transaction. The property spans over 93,500 square feet and sits on 7.4 acres of land. The transaction was facilitated by broker Ted Sidel from EagleBridge Capital. The deal involved a loan amount of $20,700,000.
Summary of transaction details
- Property Type: Research & Development
- Transaction Amount: $20,700,000
- Address: 3 Riverside Dr
- Market: Andover, MA
- Size: 93,500 sq ft
- Acreage: 7.4 acres
- Broker: Ted Sidel - EagleBridge Capital
Ted Sidel from EagleBridge Capital played a key role as the broker in this transaction. Their expertise helped facilitate the deal, ensuring a successful closure for all parties involved.
Players
Andover Other Market Snapshot
Boundary boundary · Other · Loan transactions
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
0.77%
Cash-on-Cash
-0.22%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93