2 Mount Royal AveMarlborough, MA 01752

Property Details for 2 Mount Royal Ave

Year built

1981

Construction

STEEL FRAME

Lot size

1.32 AC

Property size (Sq ft)

66,300 SF

Property type

Office properties

Property subtype

Office buildings

APN

MARL M:079 B:033 L:000

APU

MARLM079B033L000

Description

Knowledge Park offers 38,566 square feet of immediately available Class A executive office space in Middlesex County, New Jersey. This prestigious office park, built in 1981, comprises three buildings totaling 161,300 square feet on an 8.92-acre lot. Spaces range from a minimum of 100 square feet to a maximum contiguous space of 11,490 square feet, accommodating businesses of various sizes. The property features a multitude of amenities designed to enhance employee experience and productivity. These include a newly constructed club room with ample parking, a state-of-the-art fitness center complete with showers, and convenient loading dock access. A welcoming cafe offers a Starbucks coffee machine and the added convenience of wine and beer on tap. The strategic location provides easy access to a wide array of supporting businesses, including numerous restaurants, hotels, retail stores, banks, and other essential services. All three buildings boast smaller floor plates, maximizing natural light and creating a bright and inviting work environment. Spectacular views are also a key feature of this exceptional office park. The property is ideal for businesses seeking high-quality, well-amenitized office space in a prime Middlesex County location. Multiple tenancy options are available.

• CAP approach

  CAP return

  Valuation

  6%

  $10,961,370

  6.5%

  $10,118,188

  7%

  $9,395,460

• Comparable approach

  Method

  Valuation

  Relative Method

  $8,662,758

  Geo Method

  $8,662,758

• Alternative Use

  Use

  Valuation

  Residential

  $12,546,553

  Hospitality

  $11,492,575

  Educational

  $9,561,688

  Medical

  $9,890,529

  Retail

  $14,873,736

Location Insight

City

Marlborough

County

Middlesex

State

Massachusetts

Latitude

42.3404

Longitude

-71.5785

CBSA code

14460

CBSA name

BOSTON-CAMBRIDGE-QUINCY, MA-NH METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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