Property profile

1500 PARK DR Westborough, MA 1581

OFF-MARKET
Office Building
Property ID
US38-0996247
80,673 SF 11.31 ac lot Built 1988
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Property summary

AI-generated overview

The property is an eight-building office portfolio within Westborough Office Park, located at 800, 900, 1500, 1700, 1800, 1900, 2000, and 2200 West Park Drive in Westborough, Massachusetts. Westborough Office Park is a 153-acre, master-planned suburban office development in a wooded setting, with on-site management, food service options, a fitness center, a common conference facility, jogging trails, loading docks, and ample parking. The individual buildings include spacious lobbies/atriums, large ribbon windows, and outdoor venues. Ceiling height information includes 12'9" slab-to-slab from the top of the first-floor slab to the underside of the slab below the second floor, and a clear height of 11'3" from the first-floor slab to the underside of the bar joist below the second floor. One unit within the portfolio is configured as office space with a stated area of 1,040 square feet. The office park is located under 2 miles from the Massachusetts Turnpike (I-90) at the junction of I-495 and Route 9, providing highway access to surrounding amenities such as hotels, restaurants, shopping, banking, and childcare.

Property profile

Verified
Property type Office Building
Year built 1988
Total area 80,673 SF
Lot 11.31 ac (492,664 SF)
APN WBOR M:0030 B:000053
UPID US38-0996247

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Location

1500 PARK DR Westborough, MA 1581
Westborough metro
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Value estimations

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Owner & transaction history

since 2017
Last sale
$6.2M
1 recorded transaction
2017
$6.2M
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