255 East Ave - Office FOR SALE


Rochester, NY 14604- Downtown Rochester
$9,900,000 USD
585-784-3637
255 East Ave, Rochester, NY for Sale
$9,900,000 USD
Office - FOR SALE
1/15
null | Request Cap Rate

255 East Ave
Rochester, NY 14604
Downtown Rochester


HIGHLIGHTS

  • Sought after location in walkable “micro-district“ on the edge of Downtown
  • Secure core income stream from 176,000sf office building + Significant upside potential from the on site 581 space parking garage
  • Well leased facility with Weighted Average Lease Term of 6.2+ Years
  • Over $5.75 million in capital improvements recently completed on property minimizing future expenditures

OVERVIEW

Offering Overview Situated in a walkable neighborhood on the edge of Downtown Rochester, Farash Place provides a unique investment opportunity for a well leased office property in a district that has seen a massive amount of recent mixed-use growth. The property also possesses a huge amount of upside potential from the on-site parking garage, which is not currently being used as a source of additional revenue. Additional information about the sale may be found on the property website at www.255EastAve.com

FOR SALE DETAILS

PRICE

$9,900,000 USD

PRICE/SF

$55 USD /SF

CAP RATE

Request Cap Rate

% LEASED

-

TENANCY

Multiple

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Farash Place

PROPERTY TYPE

Office

TOTAL BUILDING SIZE

-

STORIES

4

BUILDING CLASS

A

YEAR BUILT

1986

SPRINKLERS

-

PARKING SPACES

650

LAND DETAILS

LAND ACRES

1.37 AC

LAND SF

59,677 SF

ZONING

CCD-E

APN/PARCEL ID

261400-121-250-0002-028-003-0000,261400-121-250-0002-028-004-0000

ASK ABOUT THIS PROPERTY

Angelo NoleCBRE Upstate NYMore Info
585-784-3637

By clicking the button, you agree to Showcase's Terms of Use and Privacy Policy.

Angelo NoleCBRE Upstate NYMore Info
585-784-3637

By clicking the button, you agree to Showcase's Terms of Use and Privacy Policy.