Auction - Former R&D Facility | Owner-User — Sale in Hopkinton, MA

  • Price: Contact for price
  • Listing type: For sale
  • Asset type: Office
  • Location: Hopkinton, MA 01748

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Description

Register to bid and access due diligence documents on RealINSIGHT Marketplace: https://rimarketplace.com/auction/3458 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-air heating, 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. Investment Highlights: • Auction - November 16-18| Starting Bid: $1,200,000 • Ground-Level Layout With 71,677 SF on Floor 1 • 20,000 SF of High-Bay Space and Heavy Power • Delivered Vacant for Owner-User or Re-Lease • 15-Acre Site With 220 Surface Parking Spaces • No Known Deferred Maintenance Reported • Access to I-495, I-90, and MBTA Commuter Rail

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