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31462064
31462066

4 Broadway Ave Ext, Stonington, CT 06378

AS
CT REB 0790681
EAC Properties LLC
MS
CT REB.0790415
EAC Properties LLC
SC
CT RES 0825691
EAC Properties LLC
Listed by EAC Properties LLC
Unpriced
73 days on market
Updated 15 days ago

4 Broadway Ave Ext

Details
Property Type Office
Sub Type Creative Office, Executive Office (+1)
Square Footage 8,831
Net Rentable (SqFt) 2,250
Occupancy 100%
Tenancy Multi
Class B
Year Built 1988
Year Renovated 2024
Buildings 1
Stories 3
Acreage 0.570
Zoning M1
Parking Spaces 2.56 per 1,000 sq ft
Investment Type Value Add

Office | 8,831 SqFt

Marketing description

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 inplace 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 B 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.

Investment 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 )
  • 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

Listing Contacts

AS
CT REB 0790681
EAC Properties LLC
MS
CT REB.0790415
EAC Properties LLC
SC
CT RES 0825691
EAC Properties LLC
Listed by EAC Properties LLC

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Additional Information

Name
Andreas Senie
License
REB 0790681
Brokerage
EAC Properties at KW Commercial
Brokerage Phone
203-259-2172
Brokerage Address
572 White Plains Road
Name
Myles Scherr
License
REB.0790415
Brokerage
EAC Properties, LLc
Title
Senior Broker / Advisor
Brokerage Address
572 White Plains Road
Name
Scott Cranston
License
RES 0825691
Brokerage
Andreas Senie
Title
Commercial Real Estate Broker
Brokerage Address
572 White Plains Road
*All information is deemed reliable but not guaranteed. Buyer to verify all information.
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