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

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SOLD
$15,700,000

Massachusetts

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Industrial127,000 SF
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SOLD

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

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Industrial127,000 SF
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Summary

MASSACHUSETTS
Asset Type:Industrial
Price Per Square Foot:$123
Total Square Footage:127,000 SF
Transaction Type:Sale

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
5 deals$319.8M volume
BROKER

Dave Pergola
Cushman & Wakefield
5 deals$319.8M volume
BROKER

Details

SOLD
IMAGE: 19 Alpha Rd, Chelmsford, MA, 01824 MARKET: Chelmsford SELLER'S REP: Brian Doherty , Dave Pergola -Cushman & Wakefield BUYER: Unknown PRICE: $15,700,000.00 SF: 127000

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Deal Type
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)

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Debt Service Coverage Ratio (DSCR)

0.94x

Cap Rate

5.33%

Cash Flow (Annual)-$55,778.80
Cash-on-Cash Return-1.27%
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