Updated Sep 5, 2024
Marcus & Millichap Brokers $16.5M Retail Sale In North Andover, MA
419 Andover Street, North Andover, Massachusetts 01845, United States
$16,500,000
$1,514/SF
Building Size
10,896 SF
Asset Type
Retail
Closing
Jun 9, 2022
About this deal
AI
The retail property located at 419 & 435 Andover Street in North Andover, MA has been sold for a total price of $16,500,000. The property spans 10,896 square feet, resulting in a price per square foot of $1,514.
Summary of transaction details:
- Property Type: Retail
- Transaction Amount: $16,500,000
- Address: 419 & 435 Andover Street, North Andover, MA
- Market: North Andover, MA
- Brokers: Glen Kunofsky, Josh Kanter & Anthony D'Ambrosia - The NNN Pro Group - Marcus & Millichap
The deal was facilitated by brokers Glen Kunofsky, Josh Kanter, and Anthony D'Ambrosia from The NNN Pro Group at Marcus & Millichap. They played a crucial role in the successful completion of this transaction.
Players
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
0.96%
Cash-on-Cash
-0.27%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93