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

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.