Vazza Real Estate Group Secures $8.6M Loan For Chelmsford, MA Medical Office
FINANCED
$8,612,000
Massachusetts
See Similar DealsOffice72,050 SF
Financed 10/08/2021
FINANCED
Vazza Real Estate Group Secures $8.6M Loan For Chelmsford, MA Medical Office
321 Billerica Road, Chelmsford, MA 01824, USA
See Similar DealsOffice72,050 SF
Financed 10/08/2021
Summary
MASSACHUSETTS
Asset Type:Office
Price Per Square Foot:$119
Total Square Footage:72,050 SF
Transaction Type:Loan
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.
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Deal Type
30 years
10 years
Debt Service Coverage Ratio (DSCR)
1.05x
Max Loan Amount
$8,612,000.00
Monthly NOI$57,413.33
Monthly Debt Service$54,433.70
Change in Cash Flow$0.00
Refinance Proceeds$0.00
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