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Equity Industrial Partners Acquires Mixed-Use Property In Chelmsford, MA For $30M

Property Image
SOLD
$30,000,000

Massachusetts

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Mixed-use
Sold 02/25/2022
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Property Image
SOLD

Equity Industrial Partners Acquires Mixed-Use Property In Chelmsford, MA For $30M

9 Stuart Road, Chelmsford, Massachusetts 01824, United States

See Similar Deals
Mixed-use
Sold 02/25/2022
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Summary

MASSACHUSETTS
Asset Type:Mixed-use
Transaction Type:Sale

Equity Industrial Partners has purchased a mixed-use property located at 9 Stuart Rd in Chelmsford, MA. The transaction, facilitated by broker Chris Lawrence from JLL, involved a sale price of $30,000,000. The property, previously owned by Jumbo Capital represented by Nick Trocki, is a valuable asset in the market.

Summary of transaction details

  • Property Type: Mixed-use
  • Transaction Amount: $30,000,000
  • Address: 9 Stuart Rd, Chelmsford, MA
  • Market: Chelmsford, MA
  • Buyer: Equity Industrial Partners
  • Seller: Jumbo Capital - Nick Trocki
  • Broker: Chris Lawrence - JLL

The purchase of this mixed-use property was successfully completed on 02/25/2022. Chris Lawrence from JLL represented the buyer, Equity Industrial Partners, while Nick Trocki acted as the representative for the seller, Jumbo Capital. The sale price of $30,000,000 demonstrates the significant value of this property in the Chelmsford market.

Players

Christopher "Chris" Lawrence
7 deals$72.4M volume
BROKER

BUYER

3 deals$247M volume
SELLER

Details

SOLD
IMAGE: Chris Lawrence & Nick Trocki DATE: 02/25/2022 ADDRESS: 9 Stuart Rd MARKET: Chelmsford, MA ASSET TYPE: Mixed-use BUYER: Equity Industrial Partners SELLER: Jumbo Capital - Nick Trocki BROKER: Chris Lawrence - JLL SALE PRICE: $30,000,000

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

$1,600,000.01

Debt Service Coverage Ratio (DSCR)

0.94x

Cap Rate

5.33%

Cash Flow (Annual)-$106,583.66
Cash-on-Cash Return-1.27%
Monthly Debt Service$142,215.31
Annual Debt Service$1,706,583.66