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16 Elizabeth Drive, Chelmsf...

Shearwater Companies Acquires Industrial Property In Chelmsford, MA For $14.8M
SOLDIndustrial

Shearwater Companies Acquires Industrial Property In Chelmsford, MA For $14.8M

16 Elizabeth Drive, Chelmsford, Massachusetts 01824, United States

$14,830,000

$162/SF

Building Size

91,476 SF

Asset Type

Industrial

Closing

Jan 19, 2022

AI

An industrial property located at 16 Elizabeth Drive in Chelmsford, MA was recently sold for a total price of $14,830,000. The property spans approximately 91,476 square feet, resulting in a price per square foot of $162. The sale took place on January 19, 2022, and involved the buyer Shearwater Companies and the seller RAM Companies. CBRE represented the seller in this transaction, with Scott Dragos, Chris Skeffington, Doug Jacoby, Anthony Hayes, Roy Sandeman, Tim Mulhall, and Dan Hines acting as the seller's representatives.

Summary of transaction details:

  • Property Type: Industrial
  • Transaction Amount: $14,830,000
  • Address: 16 Elizabeth Drive, Chelmsford, MA
  • Market: Chelmsford, MA
  • Buyer: Shearwater Companies
  • Seller: RAM Companies
  • Seller's Rep: Scott Dragos, Chris Skeffington, Doug Jacoby, Anthony Hayes, Roy Sandeman, Tim Mulhall, and Dan Hines - CBRE
  • Square Footage: 91,476
  • Price per Square Foot: $162

The sale of the industrial property at 16 Elizabeth Drive in Chelmsford, MA attracted the attention of Shearwater Companies as the buyer and RAM Companies as the seller. The transaction was facilitated by CBRE, with Scott Dragos, Chris Skeffington, Doug Jacoby, Anthony Hayes, Roy Sandeman, Tim Mulhall, and Dan Hines representing the seller's interests. This deal signifies a significant investment in the industrial market in Chelmsford, MA.

Players

Chris Skeffington

CBRE

Broker

$1.2B

vol

19 deals

Broker
RC
RAM CompaniesSeller

Chelmsford Industrial Market Snapshot

Boundary boundary · Industrial · Sale transactions

Loading comparables…

Purchase Price

Annual NOI

Loan Amount

Interest Rate (%)

Loan Term (yrs)

Down Payment (%)

Cap Rate

1.07%

Cash-on-Cash

-0.31%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93