Bedford Life Science
For Sale
Contact for pricing
13-15 DeAngelo Dr, Bedford, MA 01730
Thriving suburban lab cluster near major life science tenants.
Property Size31,000 SF
Price / SF$225.81
Days on Market813
Property Features for 13-15 DeAngelo Dr
General Information
Standard status
Active
Size
31,000 SF
Class
A
Total Parking Spaces
106
Property subtype
Industrial
Lease Type
NNN
Building Details
Year Built
1975
Year Renovated
2011
Stories
1
Tenancy
Single
Listing Agency:
The Stubblebine Company
Listed By:
David Stubblebine · License #MA 9020556
(781) 862-6168
Source:
Crexi
Added: Jul 24, 2024
Changed: Oct 10
Last Checked: Oct 12 at 8:31PM
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 The Stubblebine Company
Investment Insights
Based on property information with market context.
Located in the Greater Boston area, influenced by the educational hub of Boston and Cambridge, 13-15 DeAngelo Dr in Bedford, MA, presents a commercial real estate opportunity within a resilient suburban life science market. The property benefits from its proximity to world-class institutions such as MIT and Harvard. The location is surrounded by blue-chip life science tenants, including ThermoFisher, Stoke Therapeutics, Cystic Fibrosis Foundation, and Millipore Sigma. Significant investments have been made since 2015 to improve existing lab areas and build new lab space, totaling over $4.7M in facility improvements. The property offers lab and clean manufacturing companies the advantage of being situated in Greater Boston's vibrant suburban lab cluster. Employees at this location benefit from direct access to the Minuteman Bike Path and proximity to numerous high-caliber corporate neighbors. The property is suitable for manufacturing, industrial, and office uses, including life science research and development.
Key Highlights
- Located in a booming suburban life science market influenced by Boston and Cambridge educational hubs.
- Surrounded by blue‑chip life science tenants like ThermoFisher and Millipore Sigma.
- Over $4.7M invested since 2015 in lab area improvements and new lab space construction.
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$329,745
Cap Rate
4.71%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$6,594,900
$6.6M
Cap Rate 7%
$4,710,643
$4.7M
Cap Rate 9%
$3,663,833
$3.7M
Market Conditions
NOI Build-Up for 31,000 SF
Gross rent
$498.5K $16.08/SF
− Vacancy
−$27.4K −$0.88/SF
EGI
$471.1K $15.20/SF
− OpEx
−$141.3K −$4.56/SF
NOI
$329.7K $10.64/SF
Area
Middlesex County, MA
Vacancy
5.50%
Lease Rate
$16.08 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$6,594,900
Cap Rate 7%
$4,710,643
Cap Rate 9%
$3,663,833
Alternative Uses
Best Use
Office B
$14.05M
$12.30M – $16.39M
NOI $983,642 @ 7.0% cap · market cap 14.05%
Second Best
Industrial
$4.71M
$4.12M – $5.50M
NOI $329,745 @ 7.0% cap · market cap 4.71%
Theoretical Best
Office A
$18.35M
$16.06M – $21.41M
NOI $1,284,632 @ 7.0% cap · market cap 18.35%
Zoning and permitted uses should be independently verified with authorities.
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Open Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
673
Businesses Nearby
Explore this area
Business Placement
Demographics for 01730, MA
14,566
Population
5,970
Households
2.4
Avg Household Size
45
Median Age
69%
College-Educated
96%
High-School Grad
12.4 sq mi
ZIP Area
1,175
Density / Sq Mi
$158,286
Median Household Income
$88,504
Median Earnings
$2,430
Median Rent
$878,200
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Office in Northeast region
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Frequently Asked Questions
What type of property is this?
Manufacturing property - Thriving suburban lab cluster near major life science tenants.
Where is this manufacturing property located?
The property is located at 13-15 DeAngelo Dr Bedford, MA.
What is the asking price?
The asking price for this property is $7,000,000.
What are key features of this property?
This property features: Located in a booming suburban life science market influenced by Boston and Cambridge educational hubs.; Surrounded by blue‑chip life science tenants like ThermoFisher and Millipore Sigma.; Over $4.7M invested since 2015 in lab area improvements and new lab space construction.
