• Investment Sale | Mystic Executive Park | Groton, CT - 115 Poheganut Dr, Groton, CT 06340

For Sale

Office

For Sale

This property is available for sale
1.38
Acres
Negotiable
Sale Price
  • Year Built
    1988 (Renovated 2014)
  • Overview

    Colliers International Hartford Investment Sales Team is pleased to exclusively present the opportunity to acquire 115 Poheganut Drive in Groton, Connecticut. The acquisition presents an investor the opportunity to capitalize on existing in place rents while adding value through lease up of vacant space and negotiating
    new long term leases with existing tenants.

    Well located less than 0.5 miles from Exit 88 off I-95 with excellent access to New York, Fairfield County, Boston, Providence, Hartford and the entire Southern Connecticut shoreline. More than 80,000 vehicles travel past 115 Poheganut Drive each day
    Improved demand for quality office space in the market from tenants such as Hartford Healthcare, Yale New Haven Health, and Electric Boat create an opportunity for an investor to improve the already robust cash flow at the property through lease up o
    Dealertrack and Progeny Systems have an extensive history at the property with Dealertrack first occupying in 2003 and Progeny Systems moving in in 2007 and significantly expanding in 2014. Progeny Systems relies on proximity to both the US Departmen
    Professionally managed and maintained since its construction in 1989, 115 Poheganut is being offered for sale for the first time. The existing roof has 14 years remaining on its warranty, HVAC units have been periodically replaced and are meticulousl
    Additional acreage abutting 115 Poheganut is available for a new owner that wishes to enhance the amenities at the property or to expand parking to a medical office or another high office density standard. foreseeable future.

Contact or Call

Property Details

Colliers International Hartford Investment Sales Team is pleased to exclusively present the opportunity to acquire 115 Poheganut Drive in Groton, Connecticut. The acquisition presents an investor the opportunity to capitalize on existing in place rents while adding value through lease up of vacant space and negotiating
new long term leases with existing tenants.

Well located less than 0.5 miles from Exit 88 off I-95 with excellent access to New York, Fairfield County, Boston, Providence, Hartford and the entire Southern Connecticut shoreline. More than 80,000 vehicles travel past 115 Poheganut Drive each day
Improved demand for quality office space in the market from tenants such as Hartford Healthcare, Yale New Haven Health, and Electric Boat create an opportunity for an investor to improve the already robust cash flow at the property through lease up o
Dealertrack and Progeny Systems have an extensive history at the property with Dealertrack first occupying in 2003 and Progeny Systems moving in in 2007 and significantly expanding in 2014. Progeny Systems relies on proximity to both the US Departmen
Professionally managed and maintained since its construction in 1989, 115 Poheganut is being offered for sale for the first time. The existing roof has 14 years remaining on its warranty, HVAC units have been periodically replaced and are meticulousl
Additional acreage abutting 115 Poheganut is available for a new owner that wishes to enhance the amenities at the property or to expand parking to a medical office or another high office density standard. foreseeable future.

  • Property Type
    Office
  • Year Built
    1988Renovated 2014
  • Total Acres
    1.38
  • Zoning
    Industrial, Mixed-Use
  • Last updated
    Dec 26, 2023
  • Property ID
    2191997

Landlord's Sales Representatives

  • John Cafasso
    Colliers | Hartford
     
  • Ian Hunt
    Colliers | Hartford