Barron GMAC
$3,100,000
Danvers, MA - Fantini & Gorga arranged $3.10 million in permanent financing on behalf of its client, Barron Chevrolet, Inc. The real estate is located at 90 Andover Street, in Danvers, MA. It is leased under a long term arrangement to Argonaut Holdings (General Motors) and sublet to Herb Chambers Chevrolet, Buick, Pontiac & Hummer, Inc., a subsidiary of the largest auto dealer in New England. The subject is one of several major auto dealerships along this stretch of Route 114. The land area of 90 Andover Street is 7.45 acres. Improvements include a modern and well designed dealership building of 33,200 square feet. The loan was placed with a local bank.