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229 Billerica Road

Greater Boston Commercial Properties Sells Office Building At 229 Billerica Road Chelmsford For $2.45M
SOLDOffice

Greater Boston Commercial Properties Sells Office Building At 229 Billerica Road Chelmsford For $2.45M

229 Billerica Road

$2,450,000

$165/SF

Building Size

14,800 SF

Asset Type

Office

Closing

May 9, 2025

AI

The transaction involved the sale of an office building located at 229 Billerica Road in Chelmsford, MA. The asset spans 14,800 square feet and was sold for $2,450,000, reflecting a price per square foot of approximately $166.

Summary of transaction details:

Benjamin Gatti and Tyler DeWolfe, both from Greater Boston Commercial Properties, represented the transaction, facilitating the sale of the property in Chelmsford. This sale reflects their involvement in the commercial real estate market and their representation of the asset during the transaction process.

Players

Benjamin Gatti

Greater Boston Commercial Properties

Broker

$51.7M

vol

14 deals

Broker

Chelmsford Office Market Snapshot

Boundary boundary · Office · Sale transactions

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Purchase Price

Annual NOI

Loan Amount

Interest Rate (%)

Loan Term (yrs)

Down Payment (%)

Cap Rate

6.47%

Cash-on-Cash

-1.85%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93