Surmount Represents Buyer And Seller In Sale Of Retail Asset For $3.675M In Devens, MA
6 Andrews Parkway
$3,675,000
$200/SF
Building Size
18,358 SF
Asset Type
Retail
Closing
Nov 4, 2025
AI
The property asset involved in the transaction is a retail space located at 6 Andrews Parkway in Devens, MA. The sale price for this asset was $3,675,000, encompassing a total area of 18,358 square feet, which translates to a price per square foot of $200.
Summary of transaction details:
- Property Type: Retail
- Transaction Amount: $3,675,000
- Square Footage: 18,358
- Price Per Square Foot: $200
- Address: 6 Andrews Parkway
- Market: Devens, MA
The transaction was brokered by Glen Kunofsky, Anthony D'Ambrosia, Josh Kanter, and Kevin Burke from Surmount. The brokerage represented both the seller and buyer during the sale of the Devens Strip Center, in collaboration with their broker of record Bang Realty-New England, Inc.
Players
Devens 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
4.32%
Cash-on-Cash
-1.23%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93