Michael Olson Of Rhino Capital Advisors Acquires Mixed-Use Property In Chelmsford For $11.5M

1 Executive Drive is a mixed-use asset located in Chelmsford, MA, which recently transacted for $11,500,000. The property boasts a total square footage of 112,440, reflecting a price per square foot of $102. It is currently 87% leased to a variety of tenants, including notable anchors such as Spectro Scientific and Qorvo.

Summary of transaction details:

• Property Type: Mixed-use
• Transaction Amount: $11,500,000
• Address: 1 Executive Drive
• Market: Chelmsford, MA
• Square Footage: 112,440
• Price Per Square Foot: $102
• Buyer: Michael Olson - Rhino Capital Advisors
• Seller: Foxfield
• Brokers: Robert Griffin, Edward Maher, Matthew Pullen, James Tribble, Samantha Hallowell & William Sleeper - Newmark
• Mortgage Brokers: David Douvadjian Sr., Timothy O’Donnell, David Douvadjian Jr, Bobby Alvarado & Conor Reenstierna - Newmark

The transaction involved key stakeholders including Michael Olson representing Rhino Capital Advisors as the buyer and Foxfield as the seller. Newmark facilitated the deal through its team of brokers while also providing mortgage brokerage services through a separate team for the transaction.