900 Park DrWestborough, MA 01581

Property Details for 900 Park Dr

Year built

2000

Construction

STEEL FRAME

Lot size

20.60 AC

Property size (Sq ft)

192,636 SF

Zone code

IB

Property type

Office buildings

APN

WBOR M:0036 B:000023 L:0

APU

WBORM0036B000023L0

Description

900 West Park Drive in Westborough, MA, presents a unique opportunity to acquire a prestigious Class A office building totaling 192,230 square feet. This four-story building sits on a substantial 20.6-acre lot within the desirable Westborough Office Park, offering unparalleled visibility and accessibility in the dynamic Metrowest region of Greater Boston. The entire space is currently vacant, providing a blank canvas for a single large tenant or the potential for multiple tenants. The building boasts expansive floor plates with abundant natural light from extensive window lines. Modern features include a newly installed HVAC system, ensuring optimal climate control. Ample parking is provided with a generous ratio of 4.15 spaces per 1,000 square feet. The property's size and layout allow for the seamless integration of various amenities to suit the needs of a discerning corporate tenant. This trophy asset is ideally suited for a corporate headquarters or a large-scale office user seeking a prominent presence in a thriving market. The property's location in Westborough, MA, zip code 01581, offers easy access to major transportation routes and a wealth of local amenities. This is a rare opportunity to secure a significant, high-quality office space in a prime location.

• CAP approach

  CAP return

  Valuation

  6%

  $31,848,484

  6.5%

  $29,398,602

  7%

  $27,298,702

• Comparable approach

  Method

  Valuation

  Relative Method

  $25,169,820

  Geo Method

  $25,169,820

• Alternative Use

  Use

  Valuation

  Residential

  $36,454,264

  Hospitality

  $33,391,912

  Educational

  $27,781,678

  Medical

  $28,737,132

  Retail

  $43,215,944

Location Insight

City

Westborough

County

Worcester

State

Massachusetts

Latitude

42.2881

Longitude

-71.575

CBSA code

49340

CBSA name

WORCESTER, MA-CT METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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