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665 Cochituate Rd 10,240 SF 48% Leased Office Building Framingham, MA 01701 $3,155,000 ($308.11/SF) 9% Cap Rate
Investment Highlights
- Attractive two-story building containing 10,240 SF
- Temescal Wellness cannabis dispensary has leased 1st floor since 2017
- Strong demographics; 149,000 residents with AHI of $209,000 within 5 miles
- Trophy location in close proximity to TJ Maxx corporate office, Natick Mall, Shoppers World, & Massachusetts Turnpike exit 117
- A user-buyer can potentially occupy the second floor
Executive Summary
The KeyPoint Investment Sales team has been exclusively engaged to sell the fee simple interest in 665 Cochitutate Road in Framingham, MA. This attractive two-story, 10,240 SF building enjoys a “trophy” location in close proximity to TJ Maxx Corporate offices, the Natick Mall, Shoppers World, and exit 117 from the Massachusetts Turnpike. The property enjoys strong demographics with 149,000 residents with AHI of $209,000 within 5 miles. Temescal Wellness, a respected cannabis dispensary, has occupied the first floor since 2017. This desirable investment property produces a stable income stream for potential investors. The 2nd floor can be delivered vacant, which presents an opportunity for user-buyers, seeking to occupy the space.
Property Facts
Sale Type
Investment
Property Type
Building Size
10,240 SF
Building Class
B
Year Built
1968
Price
$3,155,000
Price Per SF
$308.11
Cap Rate
9%
NOI
$283,950
Percent Leased
48%
Tenancy
Multiple
Building Height
2 Stories
Typical Floor Size
5,182 SF
Slab To Slab
12’
Building FAR
0.34
Lot Size
0.69 AC
Zoning
M1 - Manufacturing
Parking
60 Spaces (5.86 Spaces per 1,000 SF Leased)
Amenities
- Property Manager on Site
Space Availability
- Space
- Size
- Space Use
- Condition
- Available
- 2nd Floor
- 5,300 SF
- Office
- Full Build-Out
- Now
| Space | Size | Space Use | Condition | Available |
| 2nd Floor | 5,300 SF | Office | Full Build-Out | Now |
2nd Floor
| Size |
| 5,300 SF |
| Space Use |
| Office |
| Condition |
| Full Build-Out |
| Available |
| Now |
1 1
Fairly walkable
50/100
Exceptionally drivable
100/100
Limited public transit
20/100
Fairly bikeable
50/100
Property Taxes
| Parcel Number | FRAM-000084-000077-002163 | Improvements Assessment | $1,492,000 |
| Land Assessment | $471,500 | Total Assessment | $1,963,500 |
Property Taxes
Parcel Number
FRAM-000084-000077-002163
Land Assessment
$471,500
Improvements Assessment
$1,492,000
Total Assessment
$1,963,500
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665 Cochituate Rd
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