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    5 Lan Dr Westford, MA 01886

    Sponsored
    For Lease
    $18 SF/Yr

    38,000 SF Flex Space, I-495 Access

    Lot size:
    38,000 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    392
    This exceptional 38,000 square foot flex space, situated on a 0.87-acre lot in Middlesex County, offers a unique opportunity for businesses seeking versatile industrial or office space. The property, constructed in 2000, is a Class B building featuring one three-story structure with a 24-foot ceiling height. Currently, 12,570 square feet is available for lease, offering significant flexibility for various needs. The available space is divided between the second and third floors. The second floor comprises 3,990 square feet, easily subdivided into two suites of 1,368 and 2,622 square feet respectively. This space includes twelve offices, two conference rooms, a kitchenette, and an open area, ideal for collaborative work environments. The entire third floor, totaling 13,000 square feet, is also available and can be subdivided into units of approximately 4,314 square feet each. The building boasts convenient amenities including one loading dock, one drive-in door, and ample parking with 30 total spaces. Its strategic location in Primrose Park, less than a mile from I-495 via Route 110, provides unparalleled access to major transportation arteries, making it an ideal location for businesses requiring efficient logistics and easy commutes. This property presents a rare opportunity to secure high-quality flex space in a prime Middlesex County location.

    Property Features for 5 Lan Dr

    General Information

    Property type
    Office space
    Lease Type
    Gross Lease
    RSF (Rentable sq. ft)
    38,000 SF
    Class
    B
    Total Rate
    58583.33

    Building Details

    Year Built
    2000
    Buildings
    1
    Stories
    3

    Unit(s) available at that property

    Space
    3rd Fl
    Size
    13,000 SF
    Rate per SF
    $18
    Space
    2nd Floor
    Size
    3,990 SF
    Rate per SF
    $18

    HighLights

    • Excellent location in Primrose Park, less than one mile from I‑495 via Route 110.
    • 38,000 SF multi‑tenant office/industrial building.
    • 12,570 SF of vacant space available.
    • 0.87‑acre lot.
    • Building features 24' ceiling heights, one loading dock, one drive‑in door, and 30 parking spaces.
    • Available space includes two 2nd‑floor suites (3,990 SF total, subdividable) and a 13,000 SF 3rd floor (subdividable).
    Property Profile Location Intelligence

    Current Use by Public Records

    Office space

    Suggested Use

    Restaurant Realty agency Law Firm Building Supply Spa & Massage Wholesale Shop Dental Office Auto Repair Shop Hair Salon Clothing Store

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Westford
    County
    Middlesex
    State
    Massachusetts
    Longitude
    -71.4310032
    Latitude
    42.5592435

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    FAQs

    What type of property is this?
    Office space - 38,000 SF Flex Space, I-495 Access
    Where is this office space located?
    The property is located at 5 Lan Dr Westford, MA.
    What is the lease rate?
    The lease rate is $18 SF/Yr.
    What are key features of this property?
    This property features: Excellent location in Primrose Park, less than one mile from I-495 via Route 110.; 38,000 SF multi-tenant office/industrial building.; 12,570 SF of vacant space available.
    Request Owner's contact information
    5 Lan Dr Westford, MA 01886
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    5 Lan Dr Westford, MA 01886
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