132 Turnpike RdSouthborough, MA 01772

Property Details for 132 Turnpike Rd

Year built

2004

Construction

MASONRY/CONCRETE MASONRY UNITS (CMUS)

Lot size

5.00 AC

Property size (Sq ft)

71,634 SF

Zone code

BH

Property type

Office buildings

APN

SBOR M:037.0 B:0000 L:0028.0

APU

SBORM0370B0000L00280

Description

This three-story, 72,223-square-foot Class A office building in Southborough, MA's The Boroughs submarket offers a unique blend of medical and creative office space. Built in 2004 and extensively renovated in 2019, the property boasts 8 suites across one building, with 17,864 square feet currently available for lease. Situated on a picturesque 5-acre campus overlooking the Sudbury Reservoir, the building features high ceilings, large windows, prominent signage, a fitness center, secured access, and ample on-site parking (255 spaces). The property benefits from local ownership and on-site property management, including 24-hour on-call service. Tenants enjoy a strong co-tenant mix within the Reservoir Nine Office Park, and convenient access to a nearby retail center featuring various dining and shopping options, including Starbucks, Cold Stone Creamery, and more. One available space totals 4,166 square feet.

• CAP approach

  CAP return

  Valuation

  6%

  $11,843,240

  6.5%

  $10,932,221

  7%

  $10,151,348

• Comparable approach

  Method

  Valuation

  Relative Method

  $9,359,698

  Geo Method

  $9,359,698

• Alternative Use

  Use

  Valuation

  Residential

  $13,555,955

  Hospitality

  $12,417,182

  Educational

  $10,330,949

  Medical

  $10,686,246

  Retail

  $16,070,366

Location Insight

City

Southborough

County

Worcester

State

Massachusetts

Latitude

42.2914

Longitude

-71.5154

CBSA code

49340

CBSA name

WORCESTER, MA-CT METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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