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    FOR LEASE
    Life science properties

    45 Bartlett St, Marlborough, MA 01752

    41,262 SF 5.92 ac lot Built 1970
    Entity Owned 6-yr Hold ~ Est. High Equity
    Property ID
    US38-1701501
    Property summary
    AI-generated overview

    This exceptional industrial property at 45 Bartlett Street in Marlborough, MA, offers 41,374 square feet of flexible space, ideal for manufacturing, office, or R&D uses. The property features two single-story buildings totaling 41,374 square feet, with 25,000 square feet currently available for lease. Built in 1970 and renovated in 1985, the space boasts 22-foot clear ceiling heights, providing ample room for various operations. The property includes 87 parking spaces and a substantial 5.92-acre lot, offering ample yard space. Power is provided by a robust 4800 amp, 3-phase service. The property is zoned I and conveniently located in Middlesex County, just 0.8 miles from Interstate 495 and 2.5 miles from the Massachusetts Turnpike (Interstate 90), providing easy access to Boston and other key destinations. The space can be customized to meet specific tenant requirements, including the addition of loading docks or drive-ins. Town water and sewer are available. The property's strategic location is further enhanced by its proximity to various amenities and complementary businesses along Forest Street, Hayes Memorial Drive, and Cedar Hill Street. This well-maintained property presents a compelling opportunity for businesses seeking a strategic location in the Greater Boston area. The available space ranges from approximately 22,681 to 25,000 square feet.

    Property profile
    Verified
    Property type Life science properties
    Use group R&D FACILITY, LABS, PHARMA
    Year built 1970
    Construction MASONRY/CONCRETE MASONRY UNITS (CMUS)
    Total area 41,262 SF
    Lot 5.92 ac (257,875 SF)
    APN MARL M:110 B:005C L:000
    UPID US38-1701501
    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
    Value estimations
    Realmo proprietary · 4 methods
    AI Approach AI
    $825k
    CAP Approach CAP
    by Request
    Comparable Approach Comparable
    $867k
    Blend (final) Blend
    $845k
    Owner & transaction history
    Loje Realty Hldgs LLC · 6 yrs held
    Loje Realty Hldgs LLC
    since 2019
    4 recorded transactions
    2019
    $5.0M
    2015
    2005
    $3.5M
    1997
    $1.5M
    Zoning & alternative use
    Permitted uses
    Permitted uses
    Allowed · conditional · prohibited
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    More about this property
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