Marcus & Millichap Brokers $16.5M Retail Sale In North Andover, MA
SOLD
$16,500,000
Massachusetts
See Similar DealsRetail10,896 SF
Sold 06/10/2022
SOLD
Marcus & Millichap Brokers $16.5M Retail Sale In North Andover, MA
419 Andover Street, North Andover, Massachusetts 01845, United States
See Similar DealsRetail10,896 SF
Sold 06/10/2022
Summary
MASSACHUSETTS
Asset Type:Retail
Price Per Square Foot:$1,514
Total Square Footage:10,896 SF
Transaction Type:Sale
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
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$880,000.01
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$58,621.01
Cash-on-Cash Return-1.27%
Monthly Debt Service$78,218.42
Annual Debt Service$938,621.01
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