Surinder Bhardwaj Acquires Commercial Property In Chelmsford For $1.85M From Lam Cheung
61 Parkhurst Road
$1,850,000
$160/SF
Building Size
11,495 SF
Asset Type
Commercial
Closing
Jul 13, 2026
AI
The property involved in the transaction is a commercial asset located at 61 Parkhurst Road, Chelmsford, MA. The sale price was $1,850,000, with a total square footage of 11,495, resulting in a price per square foot of $160.
Summary of transaction details:
- Property Type: Commercial
- Transaction Amount: $1,850,000
- Address: 61 Parkhurst Road
- Market: Chelmsford, MA
- Square Footage: 11,495
- Price Per Square Foot: $160
- Buyer: Surinder Bhardwaj
- Seller: Lam Cheung
- Brokers: Luigi Lessa, Mattias Edenkrans & Henry McKenney - Marcus & Millichap
Surinder Bhardwaj was the buyer in this transaction, while Lam Cheung acted as the seller. The brokers facilitating the deal were Luigi Lessa, Mattias Edenkrans, and Henry McKenney, all affiliated with Marcus & Millichap.
Players
Chelmsford Commercial Market Snapshot
Boundary boundary · Commercial · Sale transactions
Loading comparables…
Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
8.57%
Cash-on-Cash
-2.45%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93