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50 Eastern Point Road Groton

$4,000,000
0 99,026 sq ft

The Property

Thames Parking Company, a singular asset and strong revenue generator, the parking garage directly across from General Dynamics Electric Boat, which contains approximately 300 parking spots as well as a 5,000 sf lease-able building. The need for skilled workers at General Dynamics Electric Boat will be a top priority through the next decade, according to the company’s president, as EB prepares to take on a workload they have not experienced since the 1980s. “It has been a full generation since we have been producing submarines at this volume,” said Kevin Graney, the new president of General Dynamics. For the first time in 25 years, EB is currently employing more than 17,000 workers.

The submarine-building company’s number one customer is the US Navy. General Dynamics signed a $22.2 billion federal contract in December to build nine Virginia-class attack submarines through fiscal year 2023. Currently EB has approximately 6,000 more employees than on-campus parking spots. Income information shared upon NDA signature.

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Listing Details

MLS Number

1259076

Lot Size:

1.80 acres

Features

  • Garage
  • Business Center
  • Community Building
  • Community Hot Tub
  • Jogging Paths
  • On-Site Maintenance
  • Outdoor Pool
  • Play Ground
  • Recreation Room
  • Restaurant(s)
  • Tennis Courts
  • Type: Parking Facility
  • Year Built: 1960

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