1 Technology DrWestborough, MA 01581

Property Details for 1 Technology Dr

Year built

1999

Construction

STEEL FRAME

Lot size

5.05 AC

Property size (Sq ft)

57,922 SF

Zone code

IB

Property type

Office buildings

APN

WBOR M:0036 B:000015 L:0

APU

WBORM0036B000015L0

Description

One Technology Drive in Westborough, MA offers exceptional Class A executive office space for lease. This three-story building, totaling 58,000 square feet, underwent a complete renovation in 2022, boasting modern amenities and a prime location. Multiple tenancy options are available, with spaces ranging from a minimum of 2,469 square feet to a maximum contiguous space of 11,809 square feet. Currently, there are 34,262 square feet of vacant, immediately available space. The building was originally constructed in 1999 and is situated in Worcester County, conveniently located at 1 Technology Drive, Westborough, MA 01581. Ample parking is provided, with a generous ratio of 3.7 spaces per 1,000 square feet. This property presents a unique opportunity for businesses seeking high-quality, modern office space in a desirable location. The building's executive office subtype caters to businesses seeking a prestigious and efficient workspace. Interested parties are encouraged to inquire about available space and lease terms. The property's convenient location and modern features make it an ideal choice for a variety of businesses.

• CAP approach

  CAP return

  Valuation

  6%

  $9,576,237

  6.5%

  $8,839,603

  7%

  $8,208,203

• Comparable approach

  Method

  Valuation

  Relative Method

  $7,568,088

  Geo Method

  $7,568,088

• Alternative Use

  Use

  Valuation

  Residential

  $10,961,108

  Hospitality

  $10,040,316

  Educational

  $8,353,425

  Medical

  $8,640,712

  Retail

  $12,994,217

Location Insight

City

Westborough

County

Worcester

State

Massachusetts

Latitude

42.2901

Longitude

-71.5703

CBSA code

49340

CBSA name

WORCESTER, MA-CT METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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