This Office Property is Off-Market.

63 & 75 FOUNTAIN STREET
Framingham, MA 01702 ·

86,000 SF · Office For Sale

N/A

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KENWOOD CENTER FOR SALE

Price N/A Cap Rate 14.70%
Building Size 86,000 SF No. Stories 5
Property Type Office Building Class B
Property Sub-type Office Building Tenancy Multiple
Property Use Type Net Lease Investment with 5 years left on lease Year Built 1988
Commission Split 2% Lot Size 139,200 SF
Listing ID: 15438875 Date Created: 11/14/2007 Last Updated: 05/03/2014

Description

OWNER IS RETIRING. Kenwood Centre 2 office buildings of approx. 86,000 s.f. - The main building is five stories including the walkout ground level and approx. 75,000 s.f. The smaller freestanding building that is pictured in the foreground above is 11,200 s.f. The site fronts on and overlooks Farm Pond, is conveniently located between Route 135 and Route 9, and within walking distance to the MBTA Framingham train station.

The buildings were substantially renovated in 1989-1990. 2009 - 2013 - New elevator, new roofs, new windows, hallways repainted, exterior repainted etc.

TENANTS INCLUDE: Fitness Co. Health Club, MetroWest Child Care Center, Department of Social Services, District Attorneys Office, South Middlesex Legal Services, medical & office tenants.

Fountain Street - between Rt. 9 & Rt. 135 - walk to commuter train station.

Highlights

  • Major renovation - 1989/1990 - all systems, windows etc. NEW - new roofs 2013 & 2009
  • On -site daycare center & healthclub
  • Abundant parking - back side of bldg overlooks Farm Pond
  • HUGE continuous window line
  • Efficient HVAC system
  • Great rental value for tenants - upside potential

Research

63 & 75 FOUNTAIN STREET, Framingham, MA 01702 (Middlesex County)

Framingham Market Trends - Asking price index trends, sale price trends, asking rent trends

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