120 Erie Canal Drive
Rochester, NY 14626 ·
31,700 SF · Office For Sale
120 ERIE CANAL DRIVE - CLASS "A" MEDICAL OFFICE
|Building Size||31,700 SF||Tenancy||Multiple|
|Property Type||Office||Year Built||1993|
|Property Sub-type||Office Building||Lot Size||2.60 AC|
|Property Use Type||Investment||APN / Parcel ID||089.030-4-12.1|
|Cap Rate||9%||Parking Ratio||4 / 1,000 SF|
|Listing ID: 15898486||Date Created: 09/17/2008||Last Updated: 08/31/2009|
THIS IS AN EXCELLENT OWNER OCCUPANT PROPERTY. The subject property consists of a three story slab on grade Class A office building. Structural features consist of masonry and steel frame with a brick and fixed thermo pane glass veneer. The roof is a EPDM built-up rubber roof over a concrete and steel roof deck. There is a gas fired HVAC unit for each tenant space. There are at least two lavatories for each unit except the first floor which has common lavatories. The building is fully sprinklered and has one passenger elevator. There are 130 parking spaces plus many other spaces within the office park which are all in common.
The subject property is located in Canal Park Office Park, a suburban office park, on the south side of Ridgeway Avenue just west of the intersection to Long Pond Road in the southeastern quadrant of the Town of Greece. Access to I-390, the major north/south expressway for the area, is one mile to the east via Ridgeway Avenue. Canal Ponds Business Park, the largest business park in the Rochester metropolitan market is located just east of the subject. Canal Ponds comprises mostly big box office, industrial and retail users including IBM, Johnson & Johnson, Gannett Rochester Newspapers and a new BJ' s Wholesale Club. North of the subject is the Park Ridge Hospital Campus. Further to the north is the Greece Ridge Center, a 1.6 million square foot regional mall, and the primary commercial district along West Ridge Road. Other uses surrounding the subject include dense residential development, the Erie Canal and some vacant undeveloped land. To the immediate west of the subject there is currently under construction a new 40,000 square foot Super Class A office building which is being developed in conjunction with Park Ridge Hospital. The offing price is $35.00 per square foot for bas
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