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
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