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.

...

Attributes

Building area net
61,177 sf
Occupancy
83%
Land area gross
3.91 acres
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)

Similar properties

View moreChevron Right
Do you have any questions? visit our FAQ page
View FAQ PageArrow Right
JLL can help you finance and manage your portfolio. Email us today to see how we can help achieve your ambitions.
Last updated
29 Oct 2024