Updated May 15, 2025
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
About this deal
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:
- Property Type: Office
- Transaction Amount: $2,450,000
- Square Footage: 14,800
- Address: 229 Billerica Road
- Market: Chelmsford, MA
- Price per Square Foot: $166
- Brokers: Benjamin Gatti & Tyler DeWolfe - Greater Boston Commercial Properties
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.
On the Map
$2,450,000
$165/SF
Office
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Players
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