2 Lan DrWestford, MA 01886

Property Details for 2 Lan Dr

Year built

2000

Construction

FRAME

Property size (Sq ft)

25,368 SF

Zone code

CH

Property type

Office properties

APN

WFOR M:0017.0 P:0088 S:0002

APU

WFORM00170P0088S0002

Description

This exceptional two-story, Class B office building, constructed in 2000, offers a total of 25,000 square feet of versatile space in desirable Middlesex County. Currently, 5,500 square feet is available for lease, with two contiguous suites ranging from 2,699 to 2,800 square feet each. The building boasts a 12-foot ceiling height, providing a spacious and comfortable work environment. The property features a convenient location just off I-495, ensuring easy access for employees and clients. Ample parking is provided with 46 spaces available for tenants and visitors. The building's location within Primrose Park offers a unique advantage, with a Marriott Hotel on-site and numerous nearby retail, dining, and business amenities, creating a vibrant and convenient work environment. The building is suitable for a variety of office uses, including medical, traditional, and executive office spaces. The multiple tenancy structure allows for flexibility and adaptability to various business needs. This is a rare opportunity to secure high-quality office space in a prime location with excellent accessibility and amenities. The available space presents a chance to establish a strong presence in a thriving business community.

• CAP approach

  CAP return

  Valuation

  6%

  $4,194,088

  6.5%

  $3,871,466

  7%

  $3,594,933

• Comparable approach

  Method

  Valuation

  Relative Method

  $3,314,583

  Geo Method

  $3,314,583

• Alternative Use

  Use

  Valuation

  Residential

  $4,800,618

  Hospitality

  $4,397,340

  Educational

  $3,658,535

  Medical

  $3,784,358

  Retail

  $5,691,055

Location Insight

City

Westford

County

Middlesex

State

Massachusetts

Latitude

42.5599

Longitude

-71.4307

CBSA code

14460

CBSA name

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

Property Tax & Assessments

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