5 Lan DrWestford, MA 01886

Property Details for 5 Lan Dr

Year built

2000

Construction

FRAME

Property size (Sq ft)

35,630 SF

Zone code

CH

Property type

Office properties

APN

WFOR M:0017.0 P:0088 S:0004

APU

WFORM00170P0088S0004

Description

This exceptional 38,000 square foot flex space, situated on a 0.87-acre lot in Middlesex County, offers a unique opportunity for businesses seeking versatile industrial or office space. The property, constructed in 2000, is a Class B building featuring one three-story structure with a 24-foot ceiling height. Currently, 12,570 square feet is available for lease, offering significant flexibility for various needs. The available space is divided between the second and third floors. The second floor comprises 3,990 square feet, easily subdivided into two suites of 1,368 and 2,622 square feet respectively. This space includes twelve offices, two conference rooms, a kitchenette, and an open area, ideal for collaborative work environments. The entire third floor, totaling 13,000 square feet, is also available and can be subdivided into units of approximately 4,314 square feet each. The building boasts convenient amenities including one loading dock, one drive-in door, and ample parking with 30 total spaces. Its strategic location in Primrose Park, less than a mile from I-495 via Route 110, provides unparalleled access to major transportation arteries, making it an ideal location for businesses requiring efficient logistics and easy commutes. This property presents a rare opportunity to secure high-quality flex space in a prime Middlesex County location.

• CAP approach

  CAP return

  Valuation

  6%

  $5,890,704

  6.5%

  $5,437,572

  7%

  $5,049,174

• Comparable approach

  Method

  Valuation

  Relative Method

  $4,655,416

  Geo Method

  $4,655,416

• Alternative Use

  Use

  Valuation

  Residential

  $6,742,590

  Hospitality

  $6,176,176

  Educational

  $5,138,506

  Medical

  $5,315,227

  Retail

  $7,993,231

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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