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321 Billerica Road

Christopher Knisley Of Albany Road Real Estate Partners Acquires Chelmsford Medical Office For $9.041M
SOLDMedical Office

Christopher Knisley Of Albany Road Real Estate Partners Acquires Chelmsford Medical Office For $9.041M

321 Billerica Road

$9,041,000

$125/SF

Building Size

72,050 SF

Asset Type

Medical Office

Closing

Jun 11, 2025

AI

The transaction involved the sale of a medical office located at 321 Billerica Road in Chelmsford, MA. The asset, known as the Chelmsford Medical and Surgical Center, has a total square footage of 72,050 and was sold for $9,041,000, translating to a price per square foot of $125.

Summary of transaction details:

  • Property Type: Medical Office
  • Transaction Amount: $9,041,000
  • Address: 321 Billerica Road
  • Market: Chelmsford, MA
  • Square Footage: 72,050
  • Price per Square Foot: $125
  • Buyer: Christopher Knisley - Albany Road Real Estate Partners
  • Seller: Vanderbilt Norwood LLC
  • Broker: Rob McGarry - O'Brien Commercial Properties

Rob McGarry represented O'Brien Commercial Properties in the transaction, facilitating the sale of the property to Christopher Knisley, who acted on behalf of Albany Road Real Estate Partners, ensuring the successful transfer of the asset from Vanderbilt Norwood LLC.

Players

Rob McGarry

O'Brien Commercial Properties

Broker

$10.5M

vol

3 deals

Broker
O'Brien Commercial Properties
O'Brien Commercial PropertiesBrokerage

Christopher Knisley

Albany Road Real Estate Partners

Buyer

$98.8M

vol

5 deals

Buyer
Albany Road Real Estate Partners
Albany Road Real Estate PartnersBuyer

Chelmsford Medical Office Market Snapshot

Boundary boundary · Medical Office · Sale transactions

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Purchase Price

Annual NOI

Loan Amount

Interest Rate (%)

Loan Term (yrs)

Down Payment (%)

Cap Rate

1.75%

Cash-on-Cash

-0.50%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93