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Property profile & analytics
FOR LEASE
Office Spaces

5 Lan Dr Westford, MA 01886

35,630 SF Built 2000
Entity Owned 23-yr Hold Absentee Owner ~ Est. High Equity
Property ID
US38-1694633
Property summary
AI-generated overview

This exceptional 38,000 square foot flex space, situated on a 0.87-acre lot in Middlesex County, offers a unique opportunity for businesses seeking versatile industrial or office space. The property, constructed in 2000, is a Class B building featuring one three-story structure with a 24-foot ceiling height. Currently, 12,570 square feet is available for lease, offering significant flexibility for various needs. The available space is divided between the second and third floors. The second floor comprises 3,990 square feet, easily subdivided into two suites of 1,368 and 2,622 square feet respectively. This space includes twelve offices, two conference rooms, a kitchenette, and an open area, ideal for collaborative work environments. The entire third floor, totaling 13,000 square feet, is also available and can be subdivided into units of approximately 4,314 square feet each. The building boasts convenient amenities including one loading dock, one drive-in door, and ample parking with 30 total spaces. Its strategic location in Primrose Park, less than a mile from I-495 via Route 110, provides unparalleled access to major transportation arteries, making it an ideal location for businesses requiring efficient logistics and easy commutes. This property presents a rare opportunity to secure high-quality flex space in a prime Middlesex County location.

Property profile
Verified
Property type Office Spaces
Use group CONDOMINIUM OFFICES
Year built 2000
Construction FRAME
Total area 35,630 SF
Zoning code CH
APN WFOR M:0017.0 P:0088 S:0004
UPID US38-1694633
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
by Request
CAP Approach CAP
by Request
Comparable Approach Comparable
$3.64M
Blend (final) Blend
$3.28M
Owner & transaction history
Ryan Dev LLC · 23 yrs held
Ryan Dev LLC
since 2003
1 recorded transaction
2003
Price N/A
Zoning & alternative use
CH · Westford, MA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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