11 Pleasant StFramingham, MA 01701

Property Details for 11 Pleasant St

Year built

2000

Construction

STEEL FRAME

Lot size

0.63 AC

Property size (Sq ft)

25,372 SF

Zone code

M

Property type

Office buildings

APN

FRAM M:095 B:83 L:5616 U:000

APU

FRAMM095B83L5616U000

Description

This exceptional three-story, Class B executive office building, located at 11 Pleasant St in Framingham, MA (01701), offers 25,200 square feet of versatile space. Situated on a 1.7-acre lot, the property boasts approximately 8,400 square feet per floor, easily accommodating multi-tenant occupancy. Amenities include 83 parking spaces (19 covered), a single elevator, 24-hour access, central heating and air conditioning, a drop ceiling, fully carpeted floors, and abundant natural light. The building features an atrium and controlled access for enhanced security. Each suite includes a kitchenette. Excellent signage visibility is available. The property's previous use as Genzyme's offices makes it ideally suited for medical or biotechnology tenants. The building's location in Middlesex County provides convenient access to major transportation routes.

• CAP approach

  CAP return

  Valuation

  6%

  $4,194,750

  6.5%

  $3,872,076

  7%

  $3,595,500

• Comparable approach

  Method

  Valuation

  Relative Method

  $3,315,106

  Geo Method

  $3,315,106

• Alternative Use

  Use

  Valuation

  Residential

  $4,801,375

  Hospitality

  $4,398,034

  Educational

  $3,659,112

  Medical

  $3,784,955

  Retail

  $5,691,952

Location Insight

City

Framingham

County

Middlesex

State

Massachusetts

Latitude

42.2982

Longitude

-71.4913

CBSA code

14460

CBSA name

BOSTON-CAMBRIDGE-QUINCY, MA-NH METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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