FINANCEDOffice
Vazza Real Estate Group Secures $8.6M Loan For Chelmsford, MA Medical Office
321 Billerica Road, Chelmsford, MA 01824, USA
$8,612,000
$119/SF
Building Size
72,050 SF
Asset Type
Office
Closing
Oct 8, 2021
AI
The medical office located at 321 Billerica Rd in Chelmsford, MA has recently been involved in a closed transaction. The property spans over 72,050 square feet and is situated on a 4.93-acre lot.
Summary of transaction details:
- Property Type: Medical Office
- Transaction Amount: $8,612,000
- Address: 321 Billerica Rd, Chelmsford, MA
- Market: Chelmsford, MA
- Landlord: Vazza Real Estate Group
- Broker: Ted Sidel - EagleBridge Capital
Ted Sidel of EagleBridge Capital represented the landlord, Vazza Real Estate Group, in this transaction.
Players
Chelmsford Office Market Snapshot
Boundary boundary · Office · Loan transactions
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
1.84%
Cash-on-Cash
-0.53%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93