550 E Main St 13,226 SF 100% Leased Office Building Rochester, NY 14604 $1,890,000 ($142.90/SF) 9.19% Cap Rate
EXECUTIVE SUMMARY
Benchmark Realty Advisors is pleased to exclusively offer this fully leased office building located at 550 East Main Street, Rochester, NY. The property is fully leased to three separate office tenants each with a triple net lease and includes a two-story office building with finished lower level and 43 parking spaces on 0.45 acres, all in very close proximity to the amenities of Rochester's East Avenue Corridor and Inner Loop Redevelopment Project. Each tenant space has been recently renovated/built out.
PROPERTY FACTS
Sale Type
Investment NNN
Property Type
Office
Building Size
13,226 SF
Building Class
B
Year Built
1950
Price
$1,890,000
Price Per SF
$142.90
Cap Rate
9.19%
NOI
$173,766
Percent Leased
100%
Tenancy
Multiple
Building Height
2 Stories
Typical Floor Size
6,613 SF
Building FAR
0.40
Lot Size
0.76 AC
Opportunity Zone
Yes
Parking
43 Spaces (3.25 Spaces per 1,000 SF Leased)
Walk Score®
Very Walkable (85)
PROPERTY TAXES
| Parcel Number | 261400-106-810-0001-022-000-0000 | Improvements Assessment | $402,200 |
| Land Assessment | $207,800 | Total Assessment | $610,000 |
