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Greater Boston Commercial Properties Sells Office Building At 229 Billerica Road Chelmsford For $2.45M
SOLD
$2,450,000
Massachusetts
See Similar DealsOffice14,800 SF
Sold 05/09/2025
SOLD
Greater Boston Commercial Properties Sells Office Building At 229 Billerica Road Chelmsford For $2.45M
229 Billerica Road
See Similar DealsOffice14,800 SF
Sold 05/09/2025
Summary
MASSACHUSETTS
Asset Type:Office
Price Per Square Foot:$165
Total Square Footage:14,800 SF
Transaction Type:Sale
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.
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$130,666.67
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$8,704.33
Cash-on-Cash Return-1.27%
Monthly Debt Service$11,614.25
Annual Debt Service$139,371.00
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