Equity Industrial Partners Acquires Mixed-Use Property In Chelmsford, MA For $30M
9 Stuart Road, Chelmsford, Massachusetts 01824, United States
$30,000,000
Building Size
—
Asset Type
Mixed-use
Closing
Feb 24, 2022
AI
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
Chelmsford Mixed-use Market Snapshot
Boundary boundary · Mixed-use · Sale transactions
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
0.53%
Cash-on-Cash
-0.15%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93