PROPERTY PACKET OFFERING

Offered at $2,300,000

Qiambaug Professional Center107 Wilcox Rd

Mystic, CT 06355

LOW VACANCY RATE - HIGH DEMAND

Quiambaug Cove Professional Center located on a picturesque 6.95 acre campus is quite possibly the nicest office building in the region. This "Green Building" with a brand new 30-year architectural roof is lined with

solar panels and Centrally located within 1 mile of Stonington Borough and downtown Mystic. There are approximately 8,300 cars that pass this building per day and it is in very close proximity to I-95.

Well-appointed features include: Water views from many offices, Ample Parking, Front door Security System, Tenant Mail Center, Green Building with Solar panels on roof, Handicap accessible, Common space

waiting area, Common space kitchen, Common space bathrooms, Separate handicap bathroom, 45-seat theatre with surround sound and new projector with audio-visual component rack. Rent includes electricity

& Heat.

Exclusively Presented By: Mantas LaureckisTim BraySeaport Commercial12 Roosevelt AveMystic, CT 06355860-440-7044www.seaportcommercial.com

Disclosure:All information contained herein is from sources deemed reliable but not guaranteed; however, no representations or warranties are made as to accuracy or completeness and is provided subject to errors, omission, change, prior sale and withdrawal from market, all without notice. This information is confidential and is provided strictly as background information for the sole use of the prospective purchaser and its representatives. All interested parties are encouraged to make their own independent review and investigation of the property and verify all information independently as the Owner and Representatives have no liability as to the accuracy or completeness of the material. All images, verbiage, layout and marketing material herein are protected by copyright.

Table of Contents

• Welcome to Stonington• Aerial Photography• Location Map• Parcel Outline & Topography• Flood• Traffic Counts• Building Details• Exterior Photos• Interior Photos• Town Demographics Data• Floor Plan

PROPERTY VAULT (Available Upon Request - or CLICK HERE for FULL ACCESS)

!Φ Property Card.Φ Deed/Φ Schedule AD. 2018 Gross IncomeE. Current Tenant RollF. A2 Survey

GENERAL ACCESS

Welcome To Stonington

The town of Stonington is located in New London County, Connecticut in the state's southeastern corner. It includes the borough of Stonington, the villages of Pawcatuck, Lords Point, and Wequetequock, and the eastern halves of the villages of Mystic and Old Mystic (the other halves being in the town of Groton).

Founded in 1649, Stonington Borough is a quaint, historic village located midway between New York and Boston just miles from downtown Mystic. Nestled on a mile-long peninsula that projects into Fisher’s Island Sound and Little Narragansett Bay affording stunning views, Stonington Borough was voted one of the Top 10 prettiest coastal towns in New England by Yankee Magazine.

Rich in history and loaded with small town charm, Stonington Borough is not like other coastal destinations. The pace is slower. It's a bit quieter. There's less traffic. It's a place where a leisurely stroll down Water Street, past eclectic shops, art galleries, boutiques and restaurants, leads you to a magnificent sunset and an old stone lighthouse.

Eclectic shops, art galleries, boutiques and restaurants line Water Street. Concerts, lectures, garden tours, parades and farmer’s markets happen year-round. Museums house intimate collections of maritime artifacts and opportunities to discover the lives of famed sea captains.

A self-guided walking tour highlights beautifully preserved colonial, Federal and Greek revival architecture while nature trails offer panoramic views and seaside meadows filled with wildflowers and beach roses.

Sheltered waters and a beautiful harbor make the Borough a beach destination, major yachting center and home to Connecticut’s last remaining fishing and lobstering fleets providing access to fresh, local seafood. Boating, fishing, kayaking and paddle boarding are activities within easy reach.

Fantastic restaurants serve fresh, local seafood, farm-raised meat, organic produce, dairy and baked goods. Owner-operated coffee shops keep the Borough caffeinated with organic, fair-trade beans and nitro cold brew. And on top of it all, Stonington is a growing wine and craft beer region.

If a quintessential New England getaway without the crowds is what you're looking for, Stonington Borough is just the escape you need.

https://www.stoningtonboroughct.com/

Aerial Photography

Location Map

Parcel Outline & Topography

923.83'

300'

60.85'

195.89' 1,332.38'

10' Elevation

Flood

107 Wilcox Rd, Stonington, CT 06378-2614, New London County

New London

Stonington

County:

Community Name:

Special Flood Hazard Area (SFHA): In

10/10/2019

AE

090106-09011C0529J

08/05/2013 Within 250 feet of multiple flood zone: Yes (AE,X500,X)

Report Date:

Flood Zone Code:

Flood Zone Panel:

Panel Date:

Flood Code Description:

SFHA Definition:

Zone AE-An area inundated by 100-year flooding

The land area covered by the floodwaters of the base flood is the Special Flood Hazard Area (SFHA) on NFIP maps. The SFHA is the area where the NFIP's floodplain management regulations must be enforced and the area where the mandatory purchase of flood insurance applies. The SFHA includes Zones A, AO, AH, A1-30, AE, A99, AR, AR/A1-30, AR/AE, AR/AO, AR/AH, AR/A, VO, V1-30, VE, and V.

Traffic Counts

107 Wilcox rd is located on Route 1 averaging 8,300 counts per day.

Building Details

Details

Style: Commercial Office BuildingUse: Retail/Office spaceGross Area: 17,513Rent-able Area: 16,520Year Built: 1965Acres: 6.952018 Taxes: $24,159 Zone: RR-80Flood: AEParking: On Site parking provided - 144 spacesProvided Lease Utilities: All includedHeating: Forced Hot Air/GasCooling: CentralRoof: New 30 year architectural

Well Appointed Features

− Water views from many offices− Front door security code− Tenant Mail Center− Green building with Solar on roof− Handicap accessible− Common space with waiting area− Common kitchen space− Separate handicap bathroom− Rent includes electricity and heat

Perhaps the nicest propfessional office building in Stonington. Impress your clients and grow your business at the Quiambaug Professional Center. All tenants have access to the 45 seat theatre with luxury seating and surround sound. Separate handicap bathroom and ramp.

Exterior Photo Highlights

Interior Photo Highlights

Floor Plan

Stonington, Connecticut CERC Town Profile 2018 Produced by The CT Data Collaborative Town Hall152 Elm StreetStonington, CT 06378(860) 535-5050

Belongs ToNew London CountyLMA Norwich - New London - WesterlySoutheastern Planning Area

Incorporated in 1649

Town County State2000 17,906 259,088 3,405,5652010 18,545 274,055 3,574,0972012-2016 18,477 272,033 3,588,5702020 17,825 283,665 3,604,591'16 - '20 Growth / Yr -0.9% 1.0% 0.1%

Town County StateWhite Alone, Non-Hispanic 16,829 207,985 2,464,450Black Alone 274 15,526 372,696Asian 504 11,283 152,782Native American 32 1,616 9,399Other/Multi-Race 527 22,144 284,582Hispanic or Latino 579 26,701 537,728Town County State

Land Area (sq. miles) 39 665 4,842Pop./Sq. Mile (2012-2016) 478 409 741Median Age (2012-2016) 48 41 41Households (2012-2016) 7,878 106,170 1,354,713Med. HH Inc. (2012-2016) $78,274 $67,574 $71,755

Town County StatePoverty Rate (2012-2016) 8.5% 9.9% 10.4%

Town StateHigh School Graduate 3,536 25% 673,220 27%Associates Degree 1,095 8% 184,426 7%Bachelors or Higher 6,413 46% 938,319 38%

Town StateVeterans (2012-2016) 1,492 188,759

0-4 5-14 15-24 25-44 45-64 65+ TotalTown 645 3% 1,927 10% 2,014 11% 3,529 19% 6,124 33% 4,238 23% 18,477 100%County 13,893 5% 31,068 11% 38,356 14% 66,070 24% 78,837 29% 43,809 16% 272,033 100%State 188,812 5% 439,100 12% 494,529 14% 878,077 24% 1,033,029 29% 555,023 15% 3,588,570 100%

Demographics

Population Race/Ethnicity (2012-2016)

Educational Attainment (2012-2016)

Age Distribution (2012-2016)

Sector Units Employment

Total - All Industries 832 7,599

23 - Construction 74 430

31-33 - Manufacturing 33 703

44-45 - Retail Trade 118 896

62 - Health Care and Social Assistance 56 813

72 - Accommodation and Food Services 91 1,602

Total Government 19 642

AmountConnecticut Light & Power Co. $40,069,760Mystic Senior Property $24,069,379Aquarion Water Co of CT $15,267,502Senior Living by Masonicare $29,599,790DDH Hotel Mystic, LLC $11,274,567Net Grand List (SFY 2015-2016) $2,622,270,316

Davis Standard LLC McQuades Market Inc.Big Y Zachry Nuclear EngineeringRed 36

Economics

Business Profile (2016) Top Five Grand List (2017)

Major Employers (2016)

Grades EnrollmentStonington School District PK-12 2,097

Grade 3 Grade 4 Grade 8Town State Town State Town State

Math 78.7% 53.1% 80.8% 50.0% 51.1% 41.8%ELA 78.7% 51.8% 80.8% 54.1% 68.4% 53.7%

2016-2017Stonington School District 41

AllConnecticut 9.9%Stonington School District 7.1%

All Female MaleConnecticut 87.9% 90.9% 85.1%Stonington School District 89.6% 92.5% 86.7%

Town County StatePublic 81.4% 89.5% 86.8%Private 18.6% 10.5% 13.2%

Education

2017-2018 School Year Smarter Balanced Test Percent Above Goal (2016-2017)

Pre-K Enrollment (PSIS)

Rate of Chronic Absenteeism (2016-2017)

4-Year Cohort Graduation Rate (2016-2017)

Public vs Private Enrollment (2012-2016)

Town Profiles Generated on 08/01/18 - Page 1 profiles.ctdata.org No representation or warranties, expressed orimplied, are given regarding the accuracy of this

information.

Stonington, Connecticut CERC Town Profile 2018

Total Revenue (2016) $65,993,278Tax Revenue $56,448,889Non-tax Revenue $9,544,389Intergovernmental $5,989,782

Per Capita Tax (2016) $3,005As % of State Average 104.6%

Total Expenditures (2016) $62,670,703Education $38,884,087Other $23,786,616

Total Indebtedness (2016) $39,028,195As % of Expenditures 62.3%Per Capita $2,093As % of State Average 84.4%

Annual Debt Service (2016) $5,129,384As % of Expenditures 8.2%

Eq. Net Grand List (2016) $3,994,188,057Per Capita $214,200As % of State Average 141.6%

Moody's Bond Rating (2016) Aa1Actual Mill Rate (2016) 21.32Equalized Mill Rate (2016) 14.03% of Net Grand List Com/Ind (2016) 14.2%

Government Form: Selectman - Town Meeting

Government

Town County StateTotal Units 9,440 121,426 1,493,798% Single Unit (2012-2016) 69.4% 64.8% 59.1%New Permits Auth (2017) 21 295 4,547As % Existing Units 0.2% 0.2% 0.3%Demolitions (2017) 0 35 1,403Home Sales (2013) 242 2,190 26,310Median Price $315,300 $241,500 $269,300Built Pre-1950 share 37.6% 29.7% 29.7%Owner Occupied Dwellings 5,650 70,136 900,223As % Total Dwellings 71.7% 66.1% 66.5%Subsidized Housing (2017) 539 13,893 168,576

Town County StateLess than $100,000 45 363 3,417$100,000-$199,999 53 629 7,522$200,000-$299,999 48 628 6,031$300,000-$399,999 39 295 3,380$400,000 or More 57 275 5,960

Town County StateMedian Rent $1,057 $1,039 $1,094Cost-burdened Renters 47.6% 49.5% 52.5%

Housing/Real Estate

Housing Stock (2012-2016) Distribution of House Sales (2013)

Rental (2012-2016)

Town County StateResidents Employed 9,201 129,714 1,795,519Residents Unemployed 387 6,878 96,273Unemployment Rate 4.0% 5.0% 5.1%Self-Employed Rate 14.1% 8.2% 9.9%Total Employers 832 7,359 117,337Total Employed 7,599 122,174 1,666,580

Commuters Into Town From: Town Residents Commuting To:Stonington, CT 1,633 Groton, CT 1,749Groton, CT 1,041 Stonington, CT 1,633Westerly, RI 640 Westerly, RI 731Ledyard, CT 319 New London, CT 497New London, CT 303 Ledyard, CT 318NorthStonington, CT

290 Norwich, CT 248

Norwich, CT 266 Waterford, CT 228

Labor Force

Connecticut Commuters (2015)

Town StateProperty 1,365 1,780Violent 69 224

Town StateFemale 2.8% 4.5%Male 5.1% 5.5%

TownLibrary circulation per capita 2.74

MilesProvidence 40

Hartford 49

Boston 80

New York City 117

Montreal 301

Eversource Energy(800) 286-2000

Southern Connecticut Gas Company(800) 659-8299

Aquarion Water Company(800) 732-9678

Optimum Cable Company(203) 870-2583

Quality of Life

Crime Rates (per 100,000 residents) (2016)

Disengaged Youth (2012-2016)

Distance to Major Cities Residential UtilitiesElectric Provider

Gas Provider

Water Provider

Cable Provider

Town Profiles Generated on 08/01/18 - Page 2 profiles.ctdata.org No representation or warranties, expressed orimplied, are given regarding the accuracy of this

information.

Information deemed to be reliable but not guaranteed. Parties are required to verify all information independently as the Owner and Representatives have no liability as to the accuracy or completeness of the material. All images, verbiage, layout and marketing materials herein are protected by copyright law. ©

Property Vault

Information deemed to be reliable but not guaranteed. Parties are required to verify all information independently as the Owner and Representatives have no liability as to the accuracy or completeness of the material. All images, verbiage, layout and marketing materials herein are protected by copyright law. ©

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