The Landing at Chelmsford Mills

Acreage

7.38 acres

Building Size

242,695 SF

The Landing at Chelmsford Mills is a fully stabilized 242,640-square-foot brick-and-beam mill building in Chelmsford, Massachusetts, currently 100% leased to 59 tenants generating approximately $1.67 million in annual net operating income. Originally constructed in 1890 and comprehensively renovated beginning in the 1980s, the property combines historic mill architecture with modern infrastructure including recent investments in HVAC, electrical systems, LED lighting, and roof improvements totaling nearly $1 million over the past three years. The building offers flexible suite configurations from small incubator spaces to 10,000+ square feet, high ceilings, open layouts, and versatile brick-and-beam construction suitable for conversion to mission-critical uses. Strategically positioned with direct access to Route 3 and major regional roadways, the property benefits from established utility corridors and robust structural systems inherent to historic industrial construction. The existing tenant base includes eleven occupants over 10,000 square feet collectively representing 58% of total rentable area, with a weighted average lease term of 4.5 years providing income stability during any repositioning effort. The asset is being offered free and clear of debt, presenting a rare opportunity to acquire a large-format, infrastructure-rich building in the Greater Boston market with minimal deferred maintenance and significant adaptive reuse potential for power-intensive applications.