facebook
TradedTraded
    Home
    Search
    Closings
    Listings
    On Market
    Off Market
    Add a listing
    Vaults
    shh
    Rankings
    News
    Data
    Socials
    More


Messages

Go Pro
+ Submit+ Submit a Deal
Home

/

Deals

/

Massachusetts

/

Other

/

Loan

/

3 Riverside Drive

EagleBridge Capital Arranges $20.7M Loan For Andover Research & Development Property
FINANCEDOther

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

Ted Sidel

EagleBridge Capital

Broker

$229.7M

vol

17 deals

Broker

Andover Other Market Snapshot

Boundary boundary · Other · Loan transactions

Loading comparables…

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