For Auction
Asset Snapshot
Investment Highlights
Offering Summary
Brokered by Marcus & Millichap and powered by RealINSIGHT Marketplace, 71 Frankland Road is a vacant office and R&D facility totaling approximately 93,629 square feet on 15 acres in Hopkinton, Massachusetts. Originally developed as a testing and research facility for Liberty Mutual and expanded in multiple phases, the building offers two stories plus a lower level, with roughly 71,677 square feet on the first floor. Improvements include laboratory space, approximately 20,000 square feet of high-bay industrial, warehouse, and shop space, heavy power, modern office finishes, clear heights of 12 to 26 feet, three grade-level drive-in doors, two passenger elevators, and 220 surface parking spaces. The property is reported to have no known deferred maintenance. Delivered fully vacant, the asset gives an owner-user immediate occupancy or allows an investor to reposition and lease the building to R&D, office, educational, medical, or other specialized users. The site is zoned Professional Office (P) and carries annual taxes of $92,040. Systems include municipal water, private septic, fuel oil forced hot air heat, a wet sprinkler system, and a flat roof. Located approximately 28 miles west of Boston with access to I-495, I-90, and the Ashland MBTA Commuter Rail station, the property draws on a Hopkinton workforce in which 77.5% of adults hold a bachelor's degree or higher.
Due Diligence
Location
71 Frankland Road sits in Hopkinton, Massachusetts, about 28 miles west of Boston and 20 miles from Worcester in the MetroWest region. The site is 3 minutes from Route 135 and 6 minutes from the Ashland MBTA Commuter Rail station, with access to I-495 and I-90. That connectivity, plus a town where 77.5% of adults hold a bachelor's degree, supports the labor draw R&D users require.
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Disclaimers
The information being provided herein is for informational purposes only. No representation or warranty is made as to the accuracy or completeness of any information contained herein, including, without limitation, any information regarding the condition of the Property, the condition of title or Property descriptions. Any documents and/or pictures posted herein or elsewhere on the RealINSIGHT Marketplace (the "Website") are for informational purposes only, and may not represent the current condition of the Property or the condition of the Property at the time of sale. The posting of pictures herein or elsewhere on the Website does not constitute a guarantee that any items represented in the pictures will be present when the buyer takes possession of the Property. You are encouraged to conduct your own due diligence and investigate all matters relating to the Property. It is recommended that you seek independent advice, including legal advice, to perform your due diligence and that you use good faith efforts in determining that the content of all information provided to or obtained by you is accurate.
