The RAM Cos. has purchased an 84,000-square-foot building in Chelmsford, which is fully leased to the federal government’s Department of Veterans Affairs.

The building at 10 Industrial Drive was built for the VA in 2004. RAM acquired the facility from New Boston Fund, according to a statement.

Financial details of the transactions were not disclosed, but the property was assessed at slightly more than $8 million for fiscal 2009, according to data obtained from The Warren Group, publisher of Banker & Tradesman.

"10 Industrial fits well into our current portfolio," said Brian A. Gagne, executive vice president of acquisitions and development. "It is a strategically-located, five-year-old building that provides us strong tenancy and cash flow. RAM’s goal at this stage in the economy is to continue to acquire stable, cash flowing property, with good lease term."

The acquisition of 10 Industrial marks the third significant acquisition in recent months for The RAM Cos. Others include the Leominster Commerce Center in Leominster, and 234 Ballardvale St. in Wilmington, according to a statement.