Mount Vernon North Commons

±37.25-Acre Residential / Education Campus

Offering Memorandum

THE OFFERING

Key Facts

  • Price $6,995,000 ($61 PSF)
  • Address 2279 Mount Vernon Rd, Southington, CT 06489
  • Building Area 114,523 SF
  • Land Size 32.75 acres
  • Year Built 1964-2008
  • Zoning R-40, subject to use permits, Town of Southington

Executive Summary

Colliers is pleased to present the sale of Mount Vernon North Commons. The ±114,523 square foot seven-building campus is ideally situated on ±32.75 acres in Southington, Connecticut. The large, regularly shaped, and picturesque parcel includes a pond, playing fields, walking trails and views of the adjacent Mount Compounce State Park, all set within an affluent and growing area of central Connecticut. 


The asset provides potential investors the rare opportunity to acquire a large campus offered at well below replacement cost, which could be used for a day school, a boarding school, a vocational training center, or be re-purposed for other non-education uses such as a research & development or medical campus.

Investment Opportunities

> Offered at a fraction of the replacement cost for a similar development of classrooms, special-purpose facilities, and student apartments

> The Campus is easily accessible from the Megalopolis cores, but “remote enough” to be a retreat minutes from them. It is 20 minutes from Hartford, and 2.0 to 2.5 hours from New York City, Boston, and Providence

> Ideally located and configured for a corporate research campus, corporate training facility, and educational campus serving the New York to Boston region
> Cost effective and convenient solution to meet the growth needs of vocational and higher education providers that may have undersized or outdated facilities

> Ideal solution for K-12 schools – domestic and international – that is central to large populations and could utilize all or a part of the campus for a boarding school or day school

> Generously sized campus setting that can be easily converted to alternative uses, such as inpatient and outpatient healthcare, research labs, and single- or multi-family housing

Brochure

Team

Todd Noel, CCIM

Vice Chair
National Director – Education Advisory Group
D: +1 602 222 5190
M: +1 602 692 8290

Mindy Korth

Executive Vice President
D: +1 602 222 5005
M: +1 602 531 5538

Kyle Campbell

Vice President
D: +1 602 222 5062
M: +1 480 650 3326

Tom Simjian

Keller Williams
203 506 0388