Updated Sep 5, 2024
Marcus & Millichap Brokers $6.7M Retail Sale In North Chelmsford, MA
21 Drum Hill Road, North Chelmsford, MA 01863, USA
$6,711,000
$876/SF
Building Size
7,653 SF
Asset Type
Retail
Closing
Oct 6, 2021
About this deal
AI
A retail property located at 21 Drum Hill Road in North Chelmsford, MA has been sold for $6,711,000. The property spans 7,653 square feet, resulting in a price per square foot of $877.
Summary of transaction details:
- Property Type: Retail
- Transaction Amount: $6,711,000
- Address: 21 Drum Hill Road
- Market: North Chelmsford, MA
- Square Footage: 7,653
The sale was facilitated by Glen Kunofsky, Josh Kanter, and Anthony D'Ambrosia of NNN Pro Group - Marcus & Millichap. They represented the parties involved in the transaction. Frank Normandin of Summit Realty Partners provided a buyer referral for this deal.
Players
Chelmsford Retail Market Snapshot
Boundary boundary · Retail · Sale transactions
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
2.36%
Cash-on-Cash
-0.68%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93