Industrial Property for Sale in Stonington, CT

  • Price: $1.9M
  • Listing type: For sale
  • Asset type: Industrial Property
  • Location: Stonington, CT 06378
  • Size: 8,831 SF

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. The property’s zero vacancy stands in stark contrast to both its peer set , which averages 33.9% vacancy , and the wider SE New London submarket , where class B buildings carry a 2.6% average vacancy rate . Strong tenant retention and demand are supported by the area’s robust office fundamentals, including 31,000 SF of annual net absorption and annual rent growth that outperforms 5‑ and 10‑year historical averages. Tenants enjoy flexible, efficient floorplates averaging 2,250 SF , recent HVAC, façade, and interior modernizations, and convenient on‑site parking with 23 dedicated spaces (2.56/1,000 SF) . The building’s walk score and positioning along a quiet exte

Market Context

This industrial in Stonington, CT is listed for sale at $1,850,000 across 8,831 SF ($209/SF). It is offered at an approximate 7.1% capitalization rate, a key benchmark for income-producing industrial assets. It has been on the market for 23 days. Compare it against other industrial listings for sale in Stonington, CT — <a href="/search/sale/industrial/connecticut/stonington">view the full market</a>.

Unified Estimate

Low Confidence

$178.07/SF – $240.91/SF

Mid: $209.49/SF

Total estimate for 8,831 SF: $1,850,006

Rate estimator only; cost-of-business estimate unavailable.

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