203-343-8752
4 Broadway Avenue Ext, Mystic, CT for Sale
Office - FOR SALE
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4 Broadway Avenue Ext
Mystic, CT 06355


HIGHLIGHTS

  • 8,831 SF 3 Story - Multi Tenant Office Building (2,250 SF floor plate) on .57 acres lot with 2.56/1,000 SF parking in M1 Zone
  • $132,600 GSI across 10 Tenants across professional services, wellness, medical, and creative industries
  • Turn Key Condition Renovated 2024 / 23 on-site parking (2.56/1,000 )/ Existing Loading Dock at Building
  • Historical leasing at the property averages 1 month on market, outperforming peers with 22-month averages
  • Minutes to Mystic Seaport, downtown, hospitality hubs, and major regional employment centers (Pfizer, Electric Boat, Coast Guard).
  • 5 Minute walk to downtown Mystic / 1 minute walk to Metro North

OVERVIEW

EAC Properties LLC as exclusive broker is proud to present 4 Broadway Avenue Extension. an impeccably maintained 8,831 SF Class B office building with Class A Operations in the Mystic/ Groton (Stonington) market, offering 100% occupancy, strong in place tenancy, recent 2024 renovations, and excellent curb appeal. Positioned in the SE New London Submarket, which boasts a 2.5% vacancy rate and consistent rent growth, the property outperforms all peer benchmarks (peer vacancy: 33.9%) while achieving competitive $23.10/SF gross asking rents. With modernized mechanicals, diverse professional tenants, and turn-key operations, this asset is a rare stabilized investment in a supply constrained coastal market. 4 Broadway Avenue Extension represents a premier boutique office investment in the thriving, supply-constrained Mystic/ Groton commercial corridor. The 8,831 SF, three-story, Class A office building, originally constructed in 1988 and modernized with substantial 2024 renovations, offers investors a stabilized, high-performing income stream with diverse mix of professional, medical, wellness, and creative tenants. Its superior occupancy, modern upgrades, and diversified tenant mix position it as a low-volatility, high-stability office investment in one of Southeastern Connecticut’s highest-performing submarkets.

FOR SALE DETAILS

PRICE

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CAP RATE

Request Cap Rate

% LEASED

-

TENANCY

Multiple

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Mystic Anchor Building

PROPERTY TYPE

Office

ADD'L SUBTYPES

Light Distribution

TOTAL BUILDING SIZE

-

STORIES

3

BUILDING CLASS

B

YEAR BUILT

1988

SPRINKLERS

-

PARKING SPACES

23

LAND DETAILS

LAND ACRES

0.57 AC

LAND SF

24,829 SF

ZONING

M-1

APN/PARCEL ID

STON-000174-000020-000005

ASK ABOUT THIS PROPERTY

Andreas SenieEAC Properties at KW CommercialMore Info
203-343-8752

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Andreas SenieEAC Properties at KW CommercialMore Info
203-343-8752

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