Updated Oct 28, 2024
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
About this deal
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.
The office loan at 321 Billerica Road, Chelmsford, MA 01824, USA in Chelmsford, Massachusetts financed for $8.6M in 2021. The building is 72,050 square feet, implying about 119 per square foot on the published price. Ted Sidel, EagleBridge Capital appear on the loan alongside EagleBridge Capital. This page is the Chelmsford, Massachusetts file for the 321 Billerica Road, Chelmsford, MA 01824, USA office financed: pricing, party profiles, and other closed office comps from the same Chelmsford sit in the Market section below. Filter that Chelmsford office set by closing date to see what else financed near 321 Billerica Road, Chelmsford, MA 01824, USA around 2021. Published consideration for 321 Billerica Road, Chelmsford, MA 01824, USA is $8.6M, dated 2021. Cite this Vazza Real Estate Group Secures $8.6M Loan For Chelmsford, MA Medical Office loan when underwriting similar office product around Chelmsford, Massachusetts.
Players
Chelmsford Office Market Snapshot
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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