MLS Number 170041435
- Year Built 1902
- Square Feet 41,053
- Acreage 1.92
It is argued that the Mystic Packer building is the most ideal location for retail and office spaces in the area. With its views of the Mystic Harbor, accessibility to the train station and proximity to local restaurants and tourist attractions it is highly sought after as demonstrated by consistent high occupancy. This location also offers what most office buildings in Mystic lack, parking spaces to accommodate all tenants and guests. Prime Investment Opportunity close to Downtown Mystic with ample parking. This 41,053 s.f. office building has a core factor of approximately 14% , 30 tenants and 92% leased.Built in 1902, The Packer Building has had only three owners, The Packer Tar Soap Company, The ABC Film Company, and the present Office Complex owned by Mystic Packer LLC who purchased the building back in 1984 and affectionately restored it to its glory. The character and architecture of the building has been preserved as evidenced by exposed brick and high ceilings. The infrastructure including two industrial grade elevators, updated electric, and state of the art networking capabilities make this one of the most sought after buildings in the region. The Packer Building Offers a fashionable working environment highlighted by Peoples Bank, Fred Astaire Dance Studios, Natura Medica, MResult, multiple Attorney's Offices and Seaport Real Estate Group. The building caters to smaller businesses as well as mature companies employing hundreds of employees globally.
Listed by Tim Bray of Seaport Commerical
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Est. Mortgage: $/month
Federal 30-year interest rate: 4.85% last updated on 2018-10-18
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