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Investment Property 27 Charles St 26,700 SF 100% Leased Office Building North Andover, MA 01845 For Sale



Investment Highlights
- 30 mins to Boston.
- North Andover largest employer is Amazon located on Route 125 and employees 1,500.
- North Andover/Andover is home to Brooks School, Merrimack College and abutting Andover Philips Academy.
Executive Summary
Data Room Click Here to Access
Financial Summary (Actual - 2025) Click Here to Access |
Annual | Annual Per SF |
|---|---|---|
| Gross Rental Income |
$99,999
|
$9.99
|
| Other Income |
$99,999
|
$9.99
|
| Vacancy Loss |
$99,999
|
$9.99
|
| Effective Gross Income |
$99,999
|
$9.99
|
| Taxes |
$99,999
|
$9.99
|
| Operating Expenses |
$99,999
|
$9.99
|
| Total Expenses |
$99,999
|
$9.99
|
| Net Operating Income |
$99,999
|
$9.99
|
Financial Summary (Actual - 2025) Click Here to Access
| Gross Rental Income | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Other Income | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Vacancy Loss | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Effective Gross Income | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Taxes | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Operating Expenses | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Total Expenses | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Net Operating Income | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
Property Facts
Amenities
- 24 Hour Access
- Atrium
- Signage
- Monument Signage
- Air Conditioning
- Smoke Detector
Major Tenants Click Here to Access
- Tenant
- Industry
- SF Occupied
- Rent/SF
- Lease Type
- Lease End
Dr. Bijan Sadrnoori is a Massachusetts-based pulmonologist with over five decades of medical experience. He graduated from Tehran University of Medical Sciences in 1967 and completed residencies in internal medicine and pulmonary disease. His practice focuses on treating respiratory conditions like sleep apnea, COPD, and asthma. Dr. Sadrnoori operates multiple offices in the region and maintains affiliations with several hospitals. He holds active medical licenses in multiple states and accepts various insurance plans.
-
- Construction
-
99,999 SF
-
$9.99
-
Lorem Ipsum
-
Jan 0000
Power Yoga Evolution brings hot power yoga to Massachusetts, creating a welcoming space for all practitioners. The studio focuses on yoga as a journey of self-discovery rather than competition. Classes cater to various levels with modifications available to accommodate different abilities. The approach combines physical postures with breath work to enhance mental clarity and bodily function. While specific business details remain private, their public philosophy emphasizes community support and yoga's transformative potential.
- Manchester Walk-In Dental Clinic
- Health Care and Social Assistance
-
99,999 SF
-
$9.99
-
Lorem Ipsum
-
Jan 0000
New England Community Acupuncture offers community-based acupuncture services in Massachusetts. The organization operates on a sliding scale payment system to make treatments accessible to all income levels. This model allows patients to choose what they can afford between $30-$50 per session. The clinics provide a relaxing environment with group treatment settings. Services address both physical and emotional health concerns through traditional Chinese medicine approaches. The organization emphasizes affordability and community wellness over profit maximization.
Pro Auto Detailing is a privately held automotive detailing company founded in 2006. Headquartered in North Andover, Massachusetts, the business specializes in high-end detailing services, including paint correction, ceramic coatings, dent repair, and protective film installation. The company serves a wide range of vehicles, from daily drivers to luxury and exotic cars, and emphasizes quality workmanship using premium products and advanced techniques. Pro Auto Detailing operates as a single-location studio and has built a reputation for transparency and customer-focused service. The firm remains independently owned and continues to cater to enthusiasts seeking meticulous care for their vehicles.
Reid Mechanical Corp is a privately held HVAC contractor founded in 1977 and incorporated in Massachusetts in 1989. Headquartered in North Andover, Massachusetts, the company provides heating, ventilation, and air conditioning installation and maintenance services for both residential and commercial clients. Its offerings include air conditioning systems, heating systems, air cleaning systems, humidification systems, and sheet metal fabrication. Reid Mechanical serves customers across Massachusetts and southern New Hampshire, focusing on energy-efficient solutions and preventive maintenance programs. The company remains independently owned and operates as a single-location business with a long-standing reputation in the regional HVAC industry.
- Sps DW White Joint Venture
- Health Care and Social Assistance
-
99,999 SF
-
$9.99
-
Lorem Ipsum
-
Jan 0000
The Ad King is a privately held promotional products company headquartered in North Andover, Massachusetts. Established in 1925 and incorporated in 1968, the firm specializes in advertising specialties such as branded apparel, drinkware, executive gifts, and event merchandise. The Ad King serves businesses, schools, and organizations seeking cost-effective marketing solutions through customized promotional items. The company operates as a single-location business and remains family-owned, currently managed by members of the MacDonald family. With decades of experience in the promotional products industry, The Ad King partners with thousands of suppliers to offer a wide range of customizable products designed to enhance brand visibility and client engagement.
USA Ninja Challenge began as a Massachusetts-based program blending gymnastics, climbing and obstacle training for children. The company offers structured classes divided into age groups and skill levels, aiming to build physical fitness and mental resilience. Their curriculum includes various activities like swinging, jumping and balancing. USA Ninja Challenge also provides camps and birthday parties. The business has expanded through franchising, with locations now operating nationwide under local ownership. The program focuses on developing children's confidence through progressive skill-building challenges.
| Tenant | Industry | SF Occupied | Rent/SF | Lease Type | Lease End | |
| Bijan Sadrnoori MD | Health Care and Social Assistance | 99,999 SF | $9.99 | Lorem Ipsum | Jan 0000 | |
|
Construction | 99,999 SF | $9.99 | Lorem Ipsum | Jan 0000 | |
|
Arts, Entertainment, and Recreation | 99,999 SF | $9.99 | Lorem Ipsum | Jan 0000 | |
| Manchester Walk-In Dental Clinic | Health Care and Social Assistance | 99,999 SF | $9.99 | Lorem Ipsum | Jan 0000 | |
|
Health Care and Social Assistance | 99,999 SF | $9.99 | Lorem Ipsum | Jan 0000 | |
|
Services | 99,999 SF | $9.99 | Lorem Ipsum | Jan 0000 | |
|
Construction | 99,999 SF | $9.99 | Lorem Ipsum | - | |
| Sps DW White Joint Venture | Health Care and Social Assistance | 99,999 SF | $9.99 | Lorem Ipsum | Jan 0000 | |
|
Professional, Scientific, and Technical Services | 99,999 SF | $9.99 | Lorem Ipsum | Jan 0000 | |
|
Arts, Entertainment, and Recreation | 99,999 SF | $9.99 | Lorem Ipsum | Jan 0000 |
Property Taxes
| Parcel Number | NAND-000280-000001-A000000 | Total Assessment | $2,225,400 |
| Land Assessment | $352,800 | Annual Taxes | ($1) ($0.00/SF) |
| Improvements Assessment | $1,872,600 | Tax Year | 2025 |
Property Taxes
Presented by
Argyle Realty Group LLC
Investment Property | 27 Charles St
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