facebook
Traded Co logo
Submit

Eastie Realty Trust Acquires Retail Property On Main Street In North Andover For $1.28M

Property Image
SOLD
$1,277,139

Massachusetts

See Similar Deals
Retail3,477 SF
Sold 04/28/2020
the dealplayerscompscontact
Property Image
SOLD

Eastie Realty Trust Acquires Retail Property On Main Street In North Andover For $1.28M

149 Main Street, North Andover, MA, USA

See Similar Deals
Retail3,477 SF
Sold 04/28/2020
Contact now

Summary

MASSACHUSETTS
Asset Type:Retail
Price Per Square Foot:$367
Total Square Footage:3,477 SF
Transaction Type:Sale

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

Laurie Ann "L.A." Drinkwater
13 deals$75M volume(860) 287-0568
BROKER

Seth Richard
Marcus & Millichap
12 deals$62.8M volume
BROKER

Details

SOLD
IMAGE: Laurie Ann & Seth Richard DATE: 04/28/2020 ADDRESS: 149 Main Street CITY: North Andover ASSET TYPE: Retail SELLER: S-BNK North Andover LLC BUYER: Eastie Realty Trust BROKERS: Laurie Ann (L.A.) Drinkwater & Seth Richard - Marcus & Millichap SALE PRICE: $1,277,139 SF: 3,477 ~ PPSF: $367.31

Stay in the Know

Subscribe for insider commercial real estate news, deal highlights, and market insights—delivered straight to your inbox.

By subscribing, you agree to our Terms of Service and Privacy Policy.

Similar Deals

Contact

Get in touch with the broker you want

Suggestions
CRE CalculatorAnalyze deals based on income, expenses, and financing. We automatically filled the calculator with data from the deal you are viewing, fill free to modify it to see how it affects the results.
Deal Type
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)

$68,114.10

Debt Service Coverage Ratio (DSCR)

0.94x

Cap Rate

5.33%

Cash Flow (Annual)-$4,537.39
Cash-on-Cash Return-1.27%
Monthly Debt Service$6,054.29
Annual Debt Service$72,651.49