33 Locke Drive_Property for Sale
33 Locke Drive_Property for Sale
33 Locke Dr, Marlborough, MA, 01752-1167, US

33 Locke Drive

Asset description

As exclusive sales agent, JLL is pleased to offer 33 Locke Drive (“the Property”) a 61,177 SF life science opportunity in one of Greater Boston’s premier suburban neighborhoods. The Property is 83% leased with 6.9 years of weighted average lease term, providing strong contractual cash flow with established tenants including MeadowHawk Bio and XL Batteries. These tenants have selected the Property as their headquarters given its purpose-built R&D fit-out and advantageous physical characteristics that are uniquely suited for life science tenants in today’s market. 


Situated 35 miles west of Boston and 30 miles from Cambridge, 33 Locke Drive is well positioned in the dynamic commercial submarket of Marlborough and is conveniently located one mile from the intersection of I-495 and I-290 and 0.5 miles from the intersection of I-495 and Route 20, offering seamless connectivity. The favorable location coupled with the strong existing physical specifications and future leasing upside make this a unique value-add opportunity for potential investors.

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Attributes

Building area net
5,684 sm
Occupancy
83%
Land area gross
1.58 ha
WALT
6.9 years
Year built
1985

Media

Investment highlights

  • Flexible infrastructure with coveted physical characteristics - life science, R&D, and flex


  • Innovative tenants with headquarters location


  • Immediate value-add upside with lab-ready vacancy 


  • Premier suburban location in an established commercial base 
33 Locke Drive 4_Property for Sale
33 Locke Drive 4_Property for Sale

Contact brokers

33 Locke Drive (0 Properties)

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Last updated
Oct 29, 2024