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Flexible Office Suites in Office Park

1500 W Park Dr, Westborough, MA 01581

For Lease
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Modernized office campus offers flexible suite options, food service, and on-site micro markets.

Space Size1,920 SF
Days on Market1071

Property Features for 1500 W Park Dr

General Information

Standard status Active
Size 1,920 SF
Property subtype OFFICE

Spaces For Lease

at 1500 W Park Dr
1500 W Park Dr AVAILABLE, Now
Floor 2
Size 1,920 SF
Type OFFICE
Rate Contact for pricing
Sublease No
- Westborough Office Park: The Region's Premier Office Campus has a brand new look - Carruth has invested over $5.5M into capital improvements over the past 12 months and plans to invest an additional $5M over the next two years. Capital improvements projects include: modernized cafeteria's and fitness centers, renovated lobbies and common areas, updated restrooms, updated mechanical systems, ongoing landscaping and paving improvements, and future bike path access. - Flexible suite options - Ability to grow - Amenities to meet every need - Food service - Micro markets offering snacks, drinks and prepared foods - Conference center - Fitness center - 153 acres of conservation land / outdoor seating and collaboration
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Listing Agency: JLL | Boston
Listed By: Robert McGuire
Source: Moodyscre
Added: Dec 8, 2023 Changed: Nov 12 Last Checked: Nov 12 at 10:03AM

Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of JLL | Boston

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Investment Insights

Based on property information with market context.

Westborough Office Park offers flexible office suite options with the ability to grow within the campus. Recent and ongoing capital improvements include renovated lobbies and common areas, updated restrooms, updated mechanical systems, modernized cafeteria and fitness centers, and continued landscaping and paving improvements.

The property is set within a 153-acre conservation area, with outdoor seating and spaces for collaboration. Building amenities include food service, micro markets with snacks, drinks, and prepared foods, a conference center, and a fitness center.

Suites are supported by shared campus features, including conference facilities, fitness amenities, and dining options, with additional future updates planned for the grounds and bike path access.

Key Highlights

  • Carruth has invested over $5.5M in capital improvements in the past 12 months, with an additional $5M planned over the next two years
  • Capital improvements include modernized cafeterias and fitness centers, renovated lobbies and common areas, updated restrooms, and updated mechanical systems
  • Ongoing landscaping and paving improvements, plus future bike path access

Property Analytics

Who owns this building? See the owner, sales and loan history
Open Analytics

Current Use

Office Units

Suggested Use

Top Pick Auto Repair Shop Auto Parts Store Hair Salon HVAC Service Dental Office Pharmacy

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Lease Details

NNN (Triple Net)
Lease Type

Location Intelligence

Trade Area within ½ mile

574
Businesses Nearby

Demographics for 01581, MA

21,567
Population
8,407
Households
2.6
Avg Household Size
39
Median Age
66%
College-Educated
96%
High-School Grad
20.6 sq mi
ZIP Area
1,047
Density / Sq Mi
$134,474
Median Household Income
$82,045
Median Earnings
$2,038
Median Rent
$637,900
Median Home Value
Check the figures for this property Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics

Market

Lease Benchmarks for Westborough, MA

$17.5 /SF/Yr
Avg Asking Price
$5.54–$20 /SF/Yr
Price Range
13,223 SF
Avg Space Size

Average Price Trend$/SF/Yr for Office Units in Westborough, MA

$19.45 Jul
$16.96 Aug
$16.79 Sep
$17.54 Oct

Properties on Market for Office Units in Westborough

Jul
Aug
Sep
Oct

Vacancy Rate% for Office in Northeast region

13.1% 2019
15.4% 2020
17.6% 2021
19.1% 2022
20.2% 2023
20.9% 2024
19.9% 2025

Frequently Asked Questions

What type of property is this?
Office unit - Modernized office campus offers flexible suite options, food service, and on-site micro markets.
Where is this office unit located?
The property is located at 1500 W Park Dr Westborough, MA.
What are key features of this property?
This property features: Carruth has invested over $5.5M in capital improvements in the past 12 months, with an additional $5M planned over the next two years; Capital improvements include modernized cafeterias and fitness centers, renovated lobbies and common areas, updated restrooms, and updated mechanical systems; Ongoing landscaping and paving improvements, plus future bike path access
(617) 531-4253 · Office Call to check price and availability
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