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4 Shaws Cove

Off-Market

4 Shaws Cove, New London, CT 06320

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  • Property Type Office - Medical Office
  • Property Size 29,236 SF
  • Lot Size 2.31 Acre
  • Parking Spaces Avail. 96
  • Parking Ratio 3.30/ 1,000 SF
  • Property Tenancy Multi-Tenant
  • Building Class B
  • Year Built 1987

Location

  • City New London, CT
  • Neighborhood New London
  • Zip Code 06320
  • Market Bridgeport New Haven

Contacts

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Owner

  • True Owner
  • Registered Owner

Tenants

Suite Name Tenant Leased
Space
Rent Price Lease
Type
Space
Type
Lease Term
370 17th Street #5500 MERRILL, (303) 446-5500 23,824 SF $23/SF/YR Modified
Gross
General
Office
11/01/2014-
N/A
370 17th Street
#6000
Morrison & Foerster,
(303) 592-1500
10,710 SF $26/SF/YR Full
Service
General
Office
08/01/2013-
07/31/2023
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Documents

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Sales

  • Purchase Date 04 May, 2017
  • Purchase Price
  • Arm's Length True
  • Buyer Name

Market Trends

Average Actual Rents in New London

Average rents use actual signed leases, aggregated for your specific search area and asset type with Yardi Market Insight. Be confident your price is competitive, with CommercialEdge.

Current Average Rent
Net Rent
$44.3/SF/YR
Recoverables Show detailsHide details
$16.7/SF/YR
CAM
$3.54/SF/YR
Insurance
$0.59/SF/YR
Taxes
$9.52/SF/YR
Utilities
$1.76/SF/YR
Management Fees
$1.3/SF/YR
Total Rent
$61/SF/YR
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Occupancy & Leasing Activity
Occupancy
83.5%
Lease Spread
-20.5%
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Asking Rents in New London Office Market

Office rental rates are based on aggregated data of asking rates.

  • 2020 Avg. Asking Rent $20.51
  • 2020 Office Vacancy Rate 21.15%
  • 2020 Office Completions (SF)
View more New London market trends

Tax

  • Property Tax in 2021 $128,376
  • Market Value* $4,684,400
  • Assessed Value $4,684,400

Find more tax info, including assessment history and abatements, on CommercialEdge

*The displayed market value represents the assessed value determined by the appropriate local tax/financial authority. It is not the property’s latest sale price or a current market value based on recent area sales.

Frequently Asked Questions

What is the total square footage of 4 Shaws Cove?

4 Shaws Cove totals 29,236 square feet.

When was this property built?

4 Shaws Cove was built in 1987.

When was 4 Shaws Cove last sold?

4 Shaws Cove was last sold on 04 May, 2017.

What is the property tax for 4 Shaws Cove?

The property tax for 4 Shaws Cove in 2021 was $128,376.

What is the market value for 4 Shaws Cove?

The market value* for 4 Shaws Cove in 2021 was $4,684,400.
*This represents the market value determined by the appropriate local tax/financial authority, and not the latest sale price or current market value based on recent sales.

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