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
Biddeford Special Purpose Market Snapshot
Boundary boundary · Special Purpose · Sale transactions
Loading comparables…
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