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275 Billerica Rd.
CHELMSFORD, MA, APRIL 1, 2009: Joel Aho of O’Brien Commercial Properties recently represented Shaimas LLC in the purchase of 275 Billerica Road in Chelmsford for $2,200,000. The 50,047 square foot building is a multi tenant property located less than one mile from Route 3 near the junction of 495. The new owner has plans for some minor, cosmetic upgrades to the property which currently has 13,600 square feet of vacant space consisting of 6,400 square feet of office and 7,200 square feet of fully air conditioned warehouse/manufacturing space. “The competitive purchase price of $44 per square foot allows the owner to aggressively price the vacant space, which is currently being marketed at $4.95 NNN, and will hopefully result in finding a tenant in the near term to bring the property to full occupancy along with the existing tenants Grace Church and Quick Prints,” said Aho. “The current market is demanding that landlords offer prospective tenants some rent concessions, and the buyer felt the purchase price would allow him to meet the market’s demands for the vacant space while still providing a high level of service to the existing tenants.” Contact Information
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