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176 River Road

Plover Capital LLC Acquires Special Purpose Property In Andover, MA For $2.15M
SOLDSpecial Purpose

Plover Capital LLC Acquires Special Purpose Property In Andover, MA For $2.15M

176 River Road

$2,150,000

$349/SF

Building Size

6,160 SF

Asset Type

Special Purpose

Closing

Jun 22, 2022

AI

The special purpose property located at 176 River Rd in Andover, MA has been sold for a price of $2,150,000. The property spans a total area of 6,160 square feet, resulting in a price per square foot of $349. The transaction took place on 06/22/2022.

Summary of transaction details

  • Property Type: Special Purpose
  • Transaction Amount: $2,150,000
  • Square Footage: 6,160
  • Price Per Square Foot: $349
  • Address: 176 River Rd, Andover, MA

The buyer of the property is Plover Capital LLC, while the seller is Ruffian, LLC. Marci Alvarado from SVN Parsons Commercial Group served as the buyer's representative in this transaction.

Players

Marci Alvarado

Commercial Property Advisors

Broker

$22.2M

vol

10 deals

Broker
PL
Plover Capital LLCBuyer

Biddeford Special Purpose Market Snapshot

Boundary boundary · Special Purpose · Sale transactions

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Purchase Price

Annual NOI

Loan Amount

Interest Rate (%)

Loan Term (yrs)

Down Payment (%)

Cap Rate

7.38%

Cash-on-Cash

-2.11%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93