860-616-4020
243 Vergason Avenue Ext, Norwich, CT for Sale
Manufacturing - FOR SALE
1/10
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243 Vergason Avenue Ext
Norwich, CT 06360
Northeast New London/Norwich


HIGHLIGHTS

  • Fully leased industrial asset with long-term, creditworthy tenants committed through 2030.
  • Institutional-grade tenancy, including SRS Distribution and American Systems, offering strong financial stability.
  • Rare outside storage capability with paved yard space for added operational flexibility.
  • Located in Norwich Industrial Park with immediate access to I-395, Routes 2 and 32, and regional transportation hubs.
  • Southeast Connecticut industrial market features a low 3.2% vacancy rate and significant rental growth over the past five years.
  • Positioned for seamless regional distribution with proximity to ports, rail, and major New England metros.

OVERVIEW

This fully leased, institutional-grade industrial property offers a rare investment opportunity in the heart of Norwich Industrial Park, one of Southeastern Connecticut’s most established and supply-constrained industrial hubs. The asset spans approximately 57,100 square feet on over 10 acres, featuring four loading docks, two drive-in doors, and clear heights ranging from 15 to 24 feet. A valuable outside storage component enhances operational flexibility and long-term tenant appeal. The property is anchored by creditworthy tenants, including SRS Distribution, a Home Depot-acquired company with a nationwide presence, and American Systems, a federal contractor with long-term defense and cybersecurity contracts. Both tenants are committed through 2030, providing stable cash flow and reduced risk for the next owner. Strategically positioned with immediate access to I-395, Routes 2 and 32, and proximity to major ports and regional distribution networks, the property ensures seamless connectivity to key New England markets. The Southeast Connecticut industrial market continues to demonstrate strong fundamentals, with a low vacancy rate of 3.2% and rental growth of 32% over the past five years, reinforcing the long-term value of this investment.

FOR SALE DETAILS

PRICE

Request Info for Price

CAP RATE

Request Cap Rate

% LEASED

-

TENANCY

Multiple

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Industrial

PROPERTY SUBTYPE

Manufacturing

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

1983

UTILITIES

Lighting - Fluorescent, Gas - Natural, Water - City, Sewer - City, Heating

CLEAR CEILING HT

24 Ft

DOCKS

4

DRIVE INS

2

PARKING SPACES

353

LAND DETAILS

LAND ACRES

10.11

LAND SF

440,392

ZONING

BP

APN/PARCEL ID

NORW-000034-000001-000015

ASK ABOUT THIS PROPERTY

Ian HuntColliersMore Info
860-616-4020

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Ian HuntColliersMore Info
860-616-4020

By clicking the button, you agree to Showcase's Terms of Use and Privacy Notice.