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Andover Office Building Sells for $8.27M

Sep 12, 2019 | Reprints | Unlock Link

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Photo courtesy of Novaya Real Estate Ventures

An Andover office building near the intersection of Interstates 93 and 495 has sold for $8.27 million.

The building at 1 Tech Drive was sold by Novaya Real Estate Ventures and Wheelock Street Capital to Sunset Rock LLC, a local landlord.

The 100,000-square-foot building, built in 1981 and assessed at $7.89 million according to town records, is located in a major commercial area just off I-93 near the Andover-Lawrence line. The building features a newly renovated lobby, common areas and exterior improvements, according to Novaya. The building last sold in March 2016 for $4.5 million.

B&T Daily