This Office Property is For Sale.

77 Ridgeland Road
Rochester, NY 14623 ·

45,000 SF · Office For Sale

$5,850,000

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77 Ridgeland Road

Price $5,850,000 Cap Rate 9.95%
Building Size 45,000 SF Occupancy 100%
Price/SF $130 Building Class A
Property Type Office Tenancy Single
Property Sub-type
Office-R&D
More...
  • R&D
  • Institutional/ Governmental
  • Refrigerated/ Cold Storage
Lot Size 3.84 AC
Property Use Type Net Lease Investment with 2 years left on lease
Find out more...
Listing ID: 19762694 Date Created: 05/02/2016 Last Updated: 03/21/2017

Description

Currently leased to the Rochester Bioventure Center, a University of Rochester affiliate. One-of-a-kind property with over $12 million invested. Previous tenants have included Johnson & Johnson OrthoClinical Diagnostics, Wyeth Research and the University of Rochester. Current build-out features approximately 6500 SF of office, 20 individual wet labs, Class 100,000 clean room manufacturing, 3300 SF of walk-in cold storage space and a 2000 SF annex building with wet lab and office. Two backup generators located on the property. Property offers the ability to expand the building by 20,000 SF. Property can be sold as an investment with short-term lease remaining or to a future Owner Occupant.

Centrally located to the Rochester market in the suburb of Henrietta, just off Jefferson Road I-390 expressway exit. Easy access to I-390, I-590 and the I-90 Thruway system. Just several minutes from the Rochester International Airport.

Highlights

  • State-of-the-Art Research/Lab Facility
  • Over $12 Million in Building Improvements
  • Ideal central location with ease of access by several expressways and Thruway
  • Ability to expand building by 20,000 SF
  • Former tenants include Johnson & Johnson OrthoClinical Diagnostics, Wyeth Research & University of Rochester
  • Investment Property or Owner Occupant

Research

77 Ridgeland Road, Rochester, NY 14623 (Monroe County)

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