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Middlesex Technology Center - Building 1

Off-Market

900 Middlesex Turnpike, Billerica, MA 01821

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  • Property Type Office - General Office
  • Property Size 91,600 Sqft
  • Lot Size 4.86 Acre
  • Parking Spaces Avail. 355
  • Parking Ratio 3.88/ 1,000 SF
  • Property Tenancy Single Tenant
  • Building Class B
  • Year Built 2000

Location

  • City Billerica, MA
  • Neighborhood Greater Pinehurst
  • Zip Code 01821
  • Market Boston

Contacts

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Owner

  • True Owner
  • Registered Owner

Tenants

Suite Name Tenant Leased
Space
Rent Price Lease
Type
Space
Type
Lease Term
370 17th Street #5500 MERRILL, (303) 446-5500 23,824 SF $23/SF/YR Modified
Gross
General
Office
11/01/2014-
N/A
370 17th Street
#6000
Morrison & Foerster,
(303) 592-1500
10,710 SF $26/SF/YR Full
Service
General
Office
08/01/2013-
07/31/2023
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Documents

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Sales

  • Purchase Date 31 Jan, 2020
  • Purchase Price
  • Arm's Length True
  • Buyer Name

Mortgages

  • Current Lender
  • Loan Amount
  • Loan Origination Date

Market Trends

Average Actual Rents in Billerica

Average rents use actual signed leases, aggregated for your specific search area and asset type with Yardi Market Insight. Be confident your price is competitive, with CommercialEdge.

Current Average Rent
Net Rent
$44.3/SF/YR
Recoverables Show detailsHide details
$16.7/SF/YR
CAM
$3.54/SF/YR
Insurance
$0.59/SF/YR
Taxes
$9.52/SF/YR
Utilities
$1.76/SF/YR
Management Fees
$1.3/SF/YR
Total Rent
$61/SF/YR
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Occupancy & Leasing Activity
Occupancy
83.5%
Lease Spread
-20.5%
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Asking Rents in Billerica Office Market

Office rental rates are based on aggregated data of asking rates.

  • 2020 Avg. Asking Rent $24.90
  • 2020 Office Vacancy Rate 20.33%
  • 2020 Office Completions (Sqft)

Billerica Office Sales Trends

All sale prices are based on publicly recorded, verified sales.

  • 2020 Avg. Price per Sqft $125.74
  • 2020 Office Sales Volume $100.8M
  • 2020 Number of Transactions 5
View more Billerica market trends

Tax

  • Property Tax in 2021 $6,662,424
  • Market Value $222,898,000
  • Assessed Value $222,898,000

Find more tax info, including assessment history and abatements, on CommercialEdge

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