40 Speen StFramingham, MA 01701

Property Details for 40 Speen St

Year built

1980

Construction

STEEL FRAME

Lot size

1.37 AC

Property size (Sq ft)

33,438 SF

Zone code

M

Property type

Office buildings

APN

FRAM M:072 B:68 L:0704 U:000

APU

FRAMM072B68L0704U000

Description

40 Speen Street in Framingham, MA offers exceptional executive office space in a highly desirable location. This four-story building totals 32,673 square feet, with 13,184 square feet currently vacant and available for lease. Multiple tenancy options exist, accommodating spaces ranging from a minimum of 1,536 square feet to a maximum contiguous space of 9,311 square feet. The building features ample natural light thanks to a good window line, and tenant improvements are possible, allowing for customization to meet specific business needs. Conveniently located in the Natick/Framingham submarket of Middlesex County, this property boasts superb access to major transportation arteries, including Route 9, Route 30, and the Mass Pike (Exit 117). The building includes elevators for easy access to all floors. Parking is available at a ratio of 4 spaces per 1,000 square feet. Enjoy the benefit of proximity to the Natick Mall, offering a wide array of dining, shopping, and entertainment options for employees and clients. This is an outstanding opportunity to establish a presence in a thriving MetroWest corporate office area. The property's address is 40 Speen Street, Framingham, MA 01701.

• CAP approach

  CAP return

  Valuation

  6%

  $5,528,300

  6.5%

  $5,103,046

  7%

  $4,738,543

• Comparable approach

  Method

  Valuation

  Relative Method

  $4,369,009

  Geo Method

  $4,369,009

• Alternative Use

  Use

  Valuation

  Residential

  $6,327,778

  Hospitality

  $5,796,210

  Educational

  $4,822,379

  Medical

  $4,988,228

  Retail

  $7,501,478

Location Insight

City

Framingham

County

Middlesex

State

Massachusetts

Latitude

42.312

Longitude

-71.3897

CBSA code

14460

CBSA name

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

Property Tax & Assessments

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