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Property profile & analytics
FOR LEASE
Office buildings

24 Superior Dr Natick, MA 01760

115,496 SF 4.53 ac lot Built 1985
Entity Owned 4-yr Hold Free & Clear
Property ID
US38-1623453
Property summary
AI-generated overview

This exceptional Class A office building, located at 24 Superior Drive in Natick, Massachusetts, presents a unique opportunity for businesses seeking prestigious executive office space. The five-story, 107,349 square foot red brick building boasts a prime location off Speen Street, providing convenient access to the Mass Turnpike and Route 9. Three suites are currently available, ranging from a minimum of 13,828 square feet to a maximum contiguous space of 20,620 square feet, offering flexibility for various business needs. A significant 51,460 square feet of vacant space is immediately available for occupancy. The building features a strong parking ratio of 3.12 spaces per 1,000 square feet, ensuring ample parking for tenants and their guests. On-site amenities enhance the tenant experience, including a full-service cafeteria and a fitness center, promoting employee well-being and convenience. Situated in Middlesex County, with a Natick, MA zip code of 01760, this property offers a blend of modern functionality and a desirable location. The building's multiple tenancy structure allows for a diverse range of businesses to thrive within the same complex. This is an exceptional opportunity to secure high-quality office space in a thriving business community. Contact us today to schedule a viewing and explore the possibilities.

Property profile
Verified
Property type Office buildings
Use group OFFICE BUILDING
Year built 1985
Construction MASONRY/CONCRETE MASONRY UNITS (CMUS)
Total area 115,496 SF
Lot 4.53 ac (197,327 SF)
Zoning code CII
APN NATI M:00000017 P:0000005C
UPID US38-1623453
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Implied cap rate, NOI & suggested price
Cap vs submarket · NOI estimate · 3 price anchors
Current use
Occupant on record · Public records
  • Magna5 Tech Support Center IT Consulting Firm
  • Regent Associates, Inc., Architects Architect
  • Computer Guys Inc IT Consulting Firm (Bike/Boat/Book/etc) Store
  • AIV Solutions Engineering Consultant Automation Company
  • Asset Strategy Financial Group Financial Advisor
Value estimations
Realmo proprietary · 4 methods
AI Approach AI
by Request
CAP Approach CAP
by Request
Comparable Approach Comparable
$18.88M
Blend (final) Blend
$17.59M
Owner & transaction history
Mathworks INC · 4 yrs held
Mathworks INC
since 2022
Last sale
$17.6M
3 recorded transactions
2022
$17.6M
2009
Price N/A
1992
$6.9M
Zoning & alternative use
CII · Natick, MA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Apartment house (5+ units) $26.6M +19.9%
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“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
More about this property
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