Overview
Avison Young is pleased to offer for sale the Landing at Chelmsford Mills, a fully leased, institutionally owned, mixed-use mill complex located in North Chelmsford, Massachusetts. Comprised of three buildings totaling 242,695 square feet, the centuries old, renovated mill blends historic charm with modern functionality that attracts a diverse mix of creative office, flex, warehouse, light-manufacturing, fitness and retail tenants.
The Landing at Chelmsford Mills is 100% leased and benefits from a long history of tenant retention and consistently high occupancy. Situated 30 miles northwest of Boston, the Landing at Chelmsford Mills offers excellent regional connectivity and is located just over one mile from Route 3 with convenient access to I-495 and Southern New Hampshire. The nearby Drum Hill retail corridor provides a strong amenity base for tenants and is anchored by national retailers, restaurants, and a Hannaford Supermarket.
For more information or to schedule a tour, please contact a member of the Avison Young sales team.
Investment Highlights
- 100% LEASED WITH STRONG HISTORICAL OCCUPANCY - The Landing at Chelmsford Mills is currently 100% leased to 59 tenants has maintained consistently strong occupancy, supported by long-term tenant retention and internal expansion.
- HISTORIC BRICK-AND-BEAM ASSET WITH MODERN FUNCTIONALITY - Originally constructed in the 1890 for wool combing operations, today the modernized mill buildings feature sought-after tenant features including high ceilings, original wood floors, oversized windows with ample natural light, freight elevators,and convenient loading capabilities.
- DIVERSE MULTI-TENANT RENT-ROLL - The property accommodates a broad mix of creative office, flex, warehouse, light manufacturing, fitness, and retail users with no significant concentration in any single industry.
- NEAR-TERM CASH FLOW GROWTH OPPORTUNITIES - Ability to mark-to-market the rents of several long-tenured tenants and increase square footage to BOMA standards at rollover.
- EXCELLENT REGIONAL ACCESSIBILITY - Located just over one mile from Route 3 with convenient access to I-495, Southern New Hampshire, and the amenity-rich Drum Hill retail corridor.
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