facebook
Traded Co logo
Submit

NNN Pro Group - Marcus & Millichap Sells Retail Property In Andover, MA For $53.5M

Property Image
SOLD
$53,454,545

Massachusetts

See Similar Deals
Retail102,060 SF
Sold 08/17/2021
the dealplayerscompscontact
Property Image
SOLD

NNN Pro Group - Marcus & Millichap Sells Retail Property In Andover, MA For $53.5M

209 North Main Street, Andover, MA, USA

See Similar Deals
Retail102,060 SF
Sold 08/17/2021
Contact now

Summary

MASSACHUSETTS
Asset Type:Retail
Price Per Square Foot:$523
Total Square Footage:102,060 SF
Transaction Type:Sale

Located at 209 North Main Street in Andover, MA, this retail property was recently sold. The transaction was facilitated by Glen Kunofsky, Josh Kanter, and Anthony D'Ambrosia of NNN Pro Group - Marcus & Millichap. The property spans approximately 102,060 square feet, with a sale price of $53,454,545, equating to a price per square foot of $524. Situated on 17.30 acres, the property was sold at an average price of $3,089,858 per acre.

Summary of transaction details:

  • Property Type: Retail
  • Transaction Amount: $53,454,545
  • Market: Andover, MA
  • Address: 209 North Main Street
  • Square Footage: 102,060
  • Price per Square Foot: $524
  • Acres: 17.30
  • Price per Acre: $3,089,858

Glen Kunofsky, Josh Kanter, and Anthony D'Ambrosia from NNN Pro Group - Marcus & Millichap played a pivotal role in this transaction, representing the involved parties and facilitating the deal.

Players

Josh Kanter
100 deals$626.3M volume
BROKER

Anthony D'Ambrosia
Surmount
105 deals$731.2M volume
BROKER

Marcus & Millichap
BROKERAGE

Details

SOLD
IMAGE: Glen Kunofsky, Anthony D'Ambrosia & Josh Kanter DATE: 08/17/2021 ADDRESS: 209 North Main Street MARKET: Andover, MA ASSET TYPE: Retail BROKERS: Glen Kunofsky, Josh Kanter, & Anthony D'Ambrosia - NNN Pro Group - Marcus & Millichap SALE PRICE: $53,454,545 SF: 102,060 ~ PPSF: $524 ACRES: 17.30 ~ PPA: $3,089,858

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)

$2,850,909.07

Debt Service Coverage Ratio (DSCR)

0.94x

Cap Rate

5.33%

Cash Flow (Annual)-$189,912.70
Cash-on-Cash Return-1.27%
Monthly Debt Service$253,401.81
Annual Debt Service$3,040,821.77