Chelmsford, MA: October 27, 2021: Summit Realty Partners, Inc. is pleased to announce its client’s recent acquisition of a newly built retail strip center occupied by Starbucks, Verizon Wireless and Aspen Dental at 21 Drum Hill Road, Chelmsford, MA. The 7,653 +/- square foot shopping center on 0.93 +/- acres sold for $6,711,000 ($877/sf) on October 6, 2021.

21 Drum Hill Road benefits from long-term leases with Starbucks, Verizon Wireless and Aspen Dental. The property was constructed in 2020, features a drive-thru for Starbucks, and is located in a prime retail corridor with over 21,500 vehicles per day.

Frank Normandin from Summit Realty Partners and Winslow Property Management represented the Buyer in the sale which was part of a 1031 exchange. Winslow Property Management will provide property management services.

With over 25 years of experience, Summit Realty Partners Inc. is a full service commercial real estate firm headquartered in Lexington, Massachusetts. For more information, please visit www.summitrealtypartners.com or contact us at 781.862.9700 X3 / go@sumrp.com.  We look forward to hearing from you.