facebook
Traded Co logo
Submit
Daily limit: 0/10

Rhino Capital Acquires Mixed-Use Building In Chelmsford, MA For $14.5M From Foxfield

Property Image
SOLD
$14,500,000
Casey Valente
Robert (Rob) Griffin
+ 4

Massachusetts

See Similar Deals
Mixed-use113,880 SF
Sold 11/20/2024
the dealplayerscompscontact
Property Image
SOLD

Rhino Capital Acquires Mixed-Use Building In Chelmsford, MA For $14.5M From Foxfield

2 Executive Drive

See Similar Deals
Mixed-use113,880 SF
Sold 11/20/2024
Casey Valente
Robert (Rob) Griffin
+ 4
Contact now

Summary

MASSACHUSETTS
Asset Type:Mixed-use
Price Per Square Foot:$127
Total Square Footage:113,880 SF
Transaction Type:Sale

The property involved in this transaction is a mixed-use asset located at 2 Executive Drive in Chelmsford, MA. The sale was completed for $14,500,000, encompassing a total area of 113,880 square feet. The property consists of a fully leased R&D/office/lab building, with tenants including Rockwell Automation and Qorvo.

Summary of transaction details:

This transaction was facilitated by Newmark, highlighting the involvement of prominent professionals in the brokerage field, specifically representing the interests of both the buyer and the seller during the closing of this significant deal.

Players

Matthew (Matt) Pullen
57 deals$6.2B volume
BROKER

Edward Maher
Newmark
57 deals$6.7B volume
BROKER

Robert (Rob) Griffin
Newmark
72 deals$7.3B volume(617) 863-8611
BROKER

Joseph Alvarado
Newmark
10 deals$94.5M volume
BROKER

Casey Valente
Newmark
10 deals$94.5M volume
BROKER

James (Jim) Tribble
Newmark
14 deals$719.5M volume(617) 863-8607
BROKER

Josephine Alvarado
Re/Max
2 deals$16.2M volume(201) 259-4799
BROKER

Re/Max
BROKERAGE

Details

SOLD
IMAGE: Casey Valente, Edward Maher, Jim Tribble, Joseph Alvarado, Matthew Pullen & Robert Griffin DATE: 11/20/2024 ADDRESS: 2 Executive Drive MARKET: Chelmsford, MA ASSET TYPE: Mixed-use BUYER: Rhino Capital SELLER: Foxfield BROKERS: Casey Valente (@Casey.Valente), Edward Maher, Jim Tribble, Joseph Alvarado, Matthew Pullen & Robert Griffin - Newmark (@Newmark) SALE PRICE: $14,500,000 SF: 113,880 ~ PPSF: $127 NOTE: Newmark facilitated the $14.5M sale of 2 Executive Drive, a 113,880-sf R&D/office/lab building in Chelmsford, MA, fully leased to Rockwell Automation and Qorvo.

Stay in the Know

Subscribe for insider commercial real estate news, deal highlights, and market insights—delivered straight to your inbox.

By subscribing, you agree to our Terms of Service and Privacy Policy.

Similar Deals

Contact

Get in touch with the broker you want

Suggestions
CRE CalculatorAnalyze deals based on income, expenses, and financing. We automatically filled the calculator with data from the deal you are viewing, fill free to modify it to see how it affects the results.
Deal Type
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)

$773,333.33

Debt Service Coverage Ratio (DSCR)

0.94x

Cap Rate

5.33%

Cash Flow (Annual)-$51,515.45
Cash-on-Cash Return-1.27%
Monthly Debt Service$68,737.40
Annual Debt Service$824,848.77