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19 Alpha Rd, Chelmsford, MA...

Unknown Buyer Acquires Property At 19 Alpha Rd Chelmsford For $15.7M With Brian Doherty Dave Pergola As Seller's Rep
SOLDIndustrial

Unknown Buyer Acquires Property At 19 Alpha Rd Chelmsford For $15.7M With Brian Doherty Dave Pergola As Seller's Rep

19 Alpha Rd, Chelmsford, MA, 01824

$15,700,000

$123/SF

Building Size

127,000 SF

Asset Type

Industrial

Closing

Nov 19, 2023

AI

The property involved in this transaction is a two-building flex portfolio located at 19-21 Alpha Road, Chelmsford, MA, 01824. The property encompasses 127,000 square feet and has been sold for $15,700,000. The market for this transaction is Chelmsford.

Summary of transaction details:

  • Property Type: Flex Portfolio
  • Transaction Amount: $15,700,000.00
  • Address: 19-21 Alpha Rd, Chelmsford, MA, 01824
  • Square Footage: 127,000
  • Market: Chelmsford
  • Seller's Representative: Brian Doherty, Dave Pergola - Cushman & Wakefield
  • Buyer: Unknown

Calare Properties, the seller, involved several representatives from Cushman & Wakefield in this transaction, including Dave Pergola, Brian Doherty, and Pete Rogers. The property was fully occupied by notable tenants such as Endeavor Robotics, Thermo Fisher Scientific, NRG Energy, and Krueger Food Laboratories. According to Charles Nolfi, managing director at Calare, the investment strategy was successfully executed in line with their target plan.

Players

Brian Doherty

Cushman & Wakefield

Broker

$319.8M

vol

5 deals

Broker

Chelmsford Industrial Market Snapshot

Boundary boundary · Industrial · Sale transactions

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Purchase Price

Annual NOI

Loan Amount

Interest Rate (%)

Loan Term (yrs)

Down Payment (%)

Cap Rate

1.01%

Cash-on-Cash

-0.29%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93