Entity Owned Property summary
The property consists of office space that can be configured in suites ranging from approximately 1,500 square feet up to about 90,000 square feet, including the option for full floors of roughly 35,000 square feet. It is situated at the intersection of major roadway corridors, including Route 9, Spean Street, Mass Pike (I-90), and Routes 135, 126, 30, and 27. Two MBTA stations are located within approximately 1.5 miles, offering commuter rail access to Boston and other destinations. The building is set on an elevated site encompassing more than 13 acres and includes three distinct parking lots with a stated parking ratio of about 4.37 spaces per 1,000 square feet. Interior features previously associated with Philips Lifeline included expansive glass elements in offices, hallways, and conference rooms.
Property profile
VerifiedCap rate & NOI
Location
Value estimations
Owner & transaction history
Zoning & alternative use
R-1 and R-2). The intent of the NCD section is to: (1) Further the goals and policies of the Master Land Use Plan; (2) Conform the development to existing topography and natural features better than a conventional or gri…
Comparables
6 recent transactions · within 1.5 miComparable in this City
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Value estimation
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Cap rate
Cap rate calculated from real income and expense signals, benchmarked against sales of similar assets nearby.
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Price sensitivity
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Property tax & assessments
Tax year 2024Property description
Physical attributes from public recordsZoning & alternative use
R-1 · Framingham, MAR-1 and R-2). The intent of the NCD section is to: (1) Further the goals and policies of the Master Land Use Plan; (2) Conform the development to existing topography and natural features better than a conventional or gri…
Zoning
The recorded zoning designation, what the district officially allows, and the municipal source it comes from.
Zoning designation
Official district profile
R-1 and R-2). The intent of the NCD section is to: (1) Further the goals and policies of the Master Land Use Plan; (2) Conform the development to existing topography and natural features better than a conventional or gri…
What can be built and operated here — officially.
The district profile from the municipal source: what is on file for R-1 in Framingham, MA.
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