Plover Capital LLC Acquires Special Purpose Property In Andover, MA For $2.15M
SOLD
$2,150,000
Massachusetts
See Similar DealsSpecial Purpose6,160 SF
Sold 06/22/2022
SOLD
Plover Capital LLC Acquires Special Purpose Property In Andover, MA For $2.15M
176 River Road
See Similar DealsSpecial Purpose6,160 SF
Sold 06/22/2022
Summary
MASSACHUSETTS
Asset Type:Special Purpose
Price Per Square Foot:$349
Total Square Footage:6,160 SF
Transaction Type:Sale
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.
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$114,666.67
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$7,638.49
Cash-on-Cash Return-1.27%
Monthly Debt Service$10,192.10
Annual Debt Service$122,305.16
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