900 Technology Park, Billerica
Animated publication
b i l l e r i c a , M A
own e r - us e r o p p or t un i t y w i t h va lu e - a dd p ot e n t i a l
INVESTMENT HIGHLIGHTS
STRONG CORPORATE NEIGHBORS Situated within the campus style setting of Billerica’s Technology Park, a 70-acre master planned office park that has 975,000 developed square feet, the property has access to an on-site fitness center, bike/walking trails, full-service cafeterias, food trucks, day care facilities and a hotel, all located within the park. In addition, 900 Technology Park Drive benefits from synergies derived by its strong corporate neighbors including Insulet Corporation, Raytheon Company, General Electric, and Luminus Devices, Inc. Owner/user opportunity Owner/user opportunity in a first-class office building, set within an office park setting with an ample amount of parking available. Strategic Location 900 Technology Park Drive is strategically located off Route 3; offering unparalleled access to Route 128/I-495. The property provides unmatched north-south and east-west highway accessibility to a deep labor pool throughout Greater Boston and Southern New Hampshire. Meticulouslymaintained &managed Significant upgrades have been completed to the lobby, common areas, bathrooms, and tenant spaces; catering to the demands of tenants in the market. Flexible Floor Plansand Layouts Functional, efficient floor plans provide the flexibility to attract various types and sizes of tenants in the market while also being able to retain, expand, or relocate existing tenants.
value-add opportunity Immediate value-add opportunity through lease-up of vacancy.
3
900 Technology Park Drive | billerica, ma
Hunneman’ s CapitalMarkets Group is pleasedto presentthe opportunity toacquire 900TechnologyPark Drive, a value-add investment and/or owner occupant opportunity in the dynamic suburb of Billerica, Massachusetts.
900 Technology Park Drive is a two story ±42,718 SF office building, conveniently located at Exit 27, off Route 3, between Route128/I-95 and I-495. Its proximity to two major highways, enable tenants to draw employees from both Southern New Hampshire and the surrounding communities of Greater Boston. Acquiring the building provides an end-user with the flexibility to occupy a portion of the building immediately, and either lease the remaining space or hold for future expansion. Additionally, at the anticipated acquisition cost, an end-user will realize signi cant cost savings when compared to lease alternatives on similar quality buildings in the marketplace. The desirability of Billerica is driven by its location at the confuence of major highways, vast access to a well- educated and affuent employment base and high-quality amenities. Major corporations that have a significant presence in Waltham include Harvard Vanguard, Raytheon, Constant Contact and Thermo Fisher Scientific.
900 Technology Park Drive presents a perfect owner/user opportunity, or tremendous value-add potential to an investor through lease up. We are offering this unique investment opportunity for sale on an unpriced basis.
4
900 Technology Park Drive | billerica, ma
BOSTON
AMENITIES WITHINMINUTES
THIRD AVE : 4 MIN
4
1
3
2
1
BURLINGTON
BURLINGTON MALL: 10 MIN
BEDFORD
2
WAYSIDE COMMONS : 12 MIN
3
MIDDLESEX COMMONS : 13 MIN
4
CONCORD ROAD
7
900 Technology Park Drive | billerica, ma
TOTAL BUILDING SIZE: NUMBER OF FLOORS: YEAR BUILT / RENOVATED: BUILDING OWNER / MANAGER:
42,718 square feet
Two
1985 / 2010
Grander Capital / Hunneman
CONSTRUCTION:
Steel frame with architectural precast concrete and ribbon windows
FINISHED CEILING HEIGHT: CLEAR HEIGHT FLOOR TO DECK:
8’6” on average 1st floor - 14’3” 2nd floor - 13’
PARKING RATIO: ELEVATOR SPECS:
3.55/1,000 SF
One (1) 3,500 lbs Otis Hydraulic Elevator
SECURITY:
Card key access
ELECTRIC SYSTEMDESCRIPTION / PROVIDER:
1,200 Amp, 277 / 480 v. Power supplied by National Grid
HVAC SYSTEMDESCRIPTION:
Provided by two 60 ton Carrier packaged roof top units VAV boxes include electric reheat and serve individual zones
LOADING DOCKS:
Shared loading with two trailer height dock doors; 1 8’x8’ and 1 8’x10’
BUILDING TELECOMMUNICATIONS SYSTEM:
Verizon, fiber connection through Verizon Business
WATERAND SEWER:
Town of Billerica
ROOF:
New membrane roof in 2010
AMENITIES:
Showers in building, monument signage and park-like setting with outdoor seating
8
900 Technology Park Drive | billerica, ma
Available 10,555 SF
Attitudes dance 10,070 SF 5/31/2024
FIRST FLOOR
available
2022
Available 5,671 SF
2023
2024
Available 10,503 SF
Durridge Company 4,400 SF 4/30/2023
SECOND FLOOR
Available 3,233 SF
abaco 3,893 SF 1/31/2022
9
900 Technology Park Drive | billerica, ma
10
900 Technology Park Drive | billerica, ma
T e nan t A b s t r ac t s
website
website
website
www.abaco.com
www.attitudesdancefit.com
durridge.com
SF
SF
SF
3,893
4,400
4,315
LED
LED
LED
1/31/2022
4/30/2023
5/31/2024
Overview
Overview
Overview
Abaco Systems Limited was formerly known as GE Intelligent Platforms Holdings Limited and changed its name in March 2016. Abaco Systems designs and manufactures embedded computer products, subsystems, and support software for defense and aerospace, and industry applications in the United States and Europe.
Local dance and fitness center
DURRIDGE is a leading provider of professional radon detection equipment. DURRIDGE was formed in 1997 to take over production and support of the RAD7. Since then the RAD7 has continued in uninterrupted production and development, becoming an industry standard for research and professional applications for businesses, universities, and governments worldwide.
CompanyType
Private
Sales
N/A
type
Modified Gross, BY 2019
CompanyType
Private
CompanyType
Private
Sales
N/A
Sales
N/A
type
Modified Gross, BY 2016
type
Modified Gross, BY 2019
Rental Schedule Change Date Annual Monthly $/SF
Rental Schedule Change Date Annual Monthly $/SF
Rental Schedule Change Date Annual Monthly $/SF
$74,433.75 $6,202.81
$17.25
$69,040.00 $5,753.33
$16.00
$0.00
$0.00
$0.00
7/1/2019
$76,591.25 $6,382.60
$17.75
1/1/2020
$71,197.50 $5,933.13
$16.50
5/1/2019
$64,725.00 $5,393.75
$15.00
7/1/2020
$78,748.75 $6,562.40
$18.25
1/1/2021
$73,355.00 $6,112.92
$17.00
5/1/2020
$69,040.00 $5,753.33
$16.00
7/1/2021
$80,906.25 $6,742.19
$18.75
1/1/2022
$75,512.50 $6,292.71
$17.50
5/1/2021
$73,355.00 $6,112.92
$17.00
1/1/2023
$77,670.00 $6,472.50
$18.00
5/1/2022
$77,670.00 $6,472.50
$18.00
11
900 Technology Park Drive | billerica, ma
EXCLUSIVELY OFFERED BY: DAVID N. ROSS Executive Vice President 617.457.3392 dross@hunnemanre.com
HENRY LIEBER Assistant Vice President 617.457.3383 hlieber@hunnemanre.com
BILL RAND Associate 617.457.3336 brand@hunnemanre.com
IAN MCKINLEY Senior Associate 617.457.3404 imckinley@hunnemanre.com FINANCING ANDREW KAEYER Executive Vice President 617.457.3207 akaeyer@hunnemanre.com
GINA BARROSO Assistant Vice President 617.457.3261 gbarroso@hunnemanre.com
MARKET EXPERTS CHRIS CURLEY Executive Vice President 617.457.3211 ccurley@hunnemanre.com
MICHAEL ALLEN Assistant Vice President 617.457.3276 mallen@hunnemanre.com
HARRISON ZUCCO Financial Analyst 617.457.3208 hzucco@hunnemanre.com
303 Congress Street | Boston, MA 02210 | 617.457.3400 | www.hunnemanre.com
Made with FlippingBook - professional solution for displaying marketing and sales documents online