80 & 90 Central Street_Property for Sale
80 & 90 Central Street_Property for Sale
Boxborough, MA, US, Americas

80 & 90 Central Street

Portfolio description

As exclusive sales agent, JLL Capital Markets is pleased to offer for sale 80 & 90 @ Tech Central (the “Property”), a 79 acre tech campus in Boxborough, MA comprised of two Class A office / R&D buildings totaling 321,208 square feet.


Measuring 146,562 square feet, 80 Central Street is 80% leased to eight tenants, providing investors with 5.5 years of remaining WALT. The Property has seen significant leasing velocity over the last 18 months, completing 115,211 square feet of new leasing with tenants valuing the building's 13'+ clear heights, 125+ lb/SF live floor loads, 16 W/SF power, and loading with direct freight access.


90 Central Street is 100% leased to an investment-grade roster of tenants including Qualcomm, AMD, and Synopsys across 174,646 square feet. Offering 30' column spacing, 14'+ clear heights, 100+ lb/SF live loads, and 11 W/SF power, 90 Central is a premier physical asset that has long outperformed the market, with average occupancy of 98% since 2013.


91% leased with nearly 5 years of WALT across the campus, 80 & 90 Tech Central offers investment grade cash flow with future upside as tech users continue to seek out differentiated office / R&D space that fits their needs.


The opportunity is being offered “as-is”, free and clear of existing debt and without a formal asking price.

...

Attributes

Building area gross
321,208 sf
Occupancy
91%
Land area gross
79 acres
WALT
5 years
80 & 90 Central Street (2 Properties)
80 & 90 Central Street (2 Properties)

Media

Investment Highlights

  • Strong historical performance with recent leasing velocity 


  • Investment grade cash flow with term 


  • Premier suburban product with recent amenity upgrades 


  • Accessible location at the convergence of Route 2 and I-495


  • Diminishing supply of quality office product 
80 & 90 Central Street 4_Property for Sale
80 & 90 Central Street 4_Property for Sale

Contact brokers

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
23 Sep 2024