Eastie Realty Trust Acquires Retail Property On Main Street In North Andover For $1.28M
149 Main Street, North Andover, MA, USA
$1,277,139
$367/SF
Building Size
3,477 SF
Asset Type
Retail
Closing
Apr 27, 2020
AI
The retail property located at 149 Main Street in North Andover has been sold in a transaction that took place on April 28, 2020. The property, spanning 3,477 square feet, was sold for a price of $1,277,139, resulting in a price per square foot of $367.31. The seller of the property was S-BNK North Andover LLC, while the buyer was Eastie Realty Trust.
Summary of transaction details
- Property Type: Retail
- Transaction Amount: $1,277,139
- Address: 149 Main Street, North Andover
- Square Footage: 3,477
- Seller: S-BNK North Andover LLC
- Buyer: Eastie Realty Trust
The sale of this retail property was facilitated by Laurie Ann (L.A.) Drinkwater and Seth Richard of Marcus & Millichap. They represented the buyer and seller, respectively, in the transaction.
Players
North Andover Retail Market Snapshot
Boundary boundary · Retail · Sale transactions
Loading comparables…
Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
12.42%
Cash-on-Cash
-3.55%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93