5 Shaws CvNew London, CT 06320

This exceptional Class A office building, located in New London, CT's Shaw's Cove Business Park, offers 37,026 square feet of space across two stories. The property boasts a strong 6.67% cap rate and a substantial net operating income (NOI) of $510,000. Currently nearly fully leased with ten long-term tenants and only 13% vacancy, the building features a mix of creative, medical, and traditional office spaces. Amenities include 113 parking spaces with two EV charging stations, a secure access system with elevator and security cameras, a sprinkler system, and ADA compliant access. Recent upgrades include new HVAC rooftop units, a fire alarm system, fiber optic capabilities, and LED lighting. A new roof is scheduled for installation in Spring 2024. Situated on a 2.13-acre lot within the Federal Opportunity Zone and the City's Enterprise Zone, this property benefits from its proximity to I-95, Amtrak, and ferry stations. The building is zoned LI-O. Built in 1987, this attractive black glass building is one of six in the well-maintained Shaw's Cove Business Park. The property is offered at $7,650,000, representing a price per square foot of $206.61. A non-disclosure agreement is required for detailed financial information.