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    FOR LEASE
    Office buildings

    40 Speen St, Framingham, MA 01701

    33,438 SF 1.37 ac lot Built 1980
    Entity Owned 3-yr Hold ~ Est. High Equity
    Property ID
    US38-1773370
    Property summary
    AI-generated overview

    40 Speen Street in Framingham, MA offers exceptional executive office space in a highly desirable location. This four-story building totals 32,673 square feet, with 13,184 square feet currently vacant and available for lease. Multiple tenancy options exist, accommodating spaces ranging from a minimum of 1,536 square feet to a maximum contiguous space of 9,311 square feet. The building features ample natural light thanks to a good window line, and tenant improvements are possible, allowing for customization to meet specific business needs. Conveniently located in the Natick/Framingham submarket of Middlesex County, this property boasts superb access to major transportation arteries, including Route 9, Route 30, and the Mass Pike (Exit 117). The building includes elevators for easy access to all floors. Parking is available at a ratio of 4 spaces per 1,000 square feet. Enjoy the benefit of proximity to the Natick Mall, offering a wide array of dining, shopping, and entertainment options for employees and clients. This is an outstanding opportunity to establish a presence in a thriving MetroWest corporate office area. The property's address is 40 Speen Street, Framingham, MA 01701.

    Property profile
    Verified
    Property type Office buildings
    Use group OFFICE BUILDING
    Year built 1980
    Construction STEEL FRAME
    Total area 33,438 SF
    Lot 1.37 ac (59,634 SF)
    Zoning code M
    APN FRAM M:072 B:68 L:0704 U:000
    UPID US38-1773370
    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
    • Drouilhet Ann E Medical Clinic
    • Northeast Investment Advisors Financial Advisor
    • Vickers Michael I Physician Medical Clinic
    • Samantha White Foster Care Service Social Service Agency
    • peaceful soul counseling Counselor
    Value estimations
    Realmo proprietary · 4 methods
    AI Approach AI
    $3.77M
    CAP Approach CAP
    by Request
    Comparable Approach Comparable
    $3.90M
    Blend (final) Blend
    $3.88M
    Owner & transaction history
    Rcp LLC · 3 yrs held
    Rcp LLC
    since 2023
    Last sale
    $4.0M
    7 recorded transactions
    2023
    $4.0M
    2013
    1998
    1993
    1993
    $1.7M
    1992
    $2.3M
    1991
    $2.3M
    Zoning & alternative use
    M · Framingham, MA
    Permitted uses
    Permitted uses
    Allowed · conditional · prohibited
    Top alternative use upside
    Commercial (general) $5.8M +9.9%
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