Updated Oct 28, 2024
Store Capital Acquires Retail Property In North Andover, MA For $2.13M
267 Chickering Road, North Andover, Massachusetts 01845, United States
$2,134,438
Building Size
—
Asset Type
Retail
Closing
May 12, 2022
About this deal
AI
Store Capital has recently acquired a retail property located at 267 Chickering Rd in North Andover, MA. This property was sold by Restaurant Growth Services LLC, represented by Craig Barber. The sale of the property took place on 05/13/2022 at a price of $2,134,438.
Summary of transaction details:
- Property Type: Retail
- Transaction Amount: $2,134,438
- Address: 267 Chickering Rd, North Andover, MA
- Market: North Andover, MA
Craig Barber, from Restaurant Growth Services LLC, served as the seller's representative for this transaction. Store Capital successfully completed the purchase of the property, solidifying their presence in the retail market.
North Andover Retail Market Snapshot
Boundary boundary · Retail · Sale transactions
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
7.43%
Cash-on-Cash
-2.12%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93