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Westford Technology Park East - 5 Technology Park Drive

Off-Market

5 Technology Park Drive, Westford, MA 01886

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  • Property Type Office - General Office
  • Property Size 162,833 Sqft
  • Lot Size 13.68 Acre
  • Parking Spaces Avail. 439
  • Parking Ratio 2.70/ 1,000 SF
  • Property Tenancy Multi-Tenant
  • Building Class B
  • Year Built 1997

Location

  • City Westford, MA
  • Neighborhood Westford
  • Zip Code 01886
  • 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 Price
  • Arm's Length True
  • Buyer Name

Mortgages

  • Current Lender
  • Loan Amount
  • Loan Origination Date

Market Trends

Average Actual Rents in Westford

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 Westford Office Market

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

  • 2020 Avg. Asking Rent $23.19
  • 2020 Office Vacancy Rate 10.07 %
  • 2020 Office Completions (Sqft)
View more Westford market trends

Tax

  • Property Tax in 2021 $111,085
  • Market Value $6,675,800
  • Assessed Value $6,675,800

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

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