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2619 Culver Rd 14,000 SF 100% Leased Office Building Rochester, NY 14609 $3,500,000 ($250/SF) 10% Cap Rate
Executive Summary
Well-located medical office investment opportunity in Irondequoit, just south of NYS Route 104 at the Culver Road exit. The property consists of an approximately 14,000 SF two-story medical office building occupied by Borg & Ide Imaging and Rochester Regional Health Sports Medicine Institute, with approximately 1,675 SF available for lease. The offering also includes an adjacent vacant parcel, providing additional long-term upside. Strong existing income, established medical tenants, paved parking, signage, and convenient Culver Road access. Asking Price: $3,500,000.
Property Facts
Sale Type
Investment NNN
Property Type
Office
Property Subtype
Medical
Building Size
14,000 SF
Building Class
A
Year Built
2008
Price
$3,500,000
Price Per SF
$250
Cap Rate
10%
NOI
$350,000
Percent Leased
100%
Tenancy
Multiple
Building Height
2 Stories
Typical Floor Size
7,000 SF
Slab To Slab
11’
Building FAR
0.24
Lot Size
1.34 AC
Zoning
07 - Flexible mixed-use zoning supporting a variety of commercial, retail, office, service, and residential uses.
Parking
50 Spaces (3.57 Spaces per 1,000 SF Leased)
Amenities
- 24 Hour Access
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Moderately walkable
60/100
Exceptionally drivable
90/100
Limited public transit
30/100
Fairly bikeable
40/100
Property Taxes
| Parcel Number | 263400-092-100-0002-003-131 | Improvements Assessment | $1,001,400 |
| Land Assessment | $228,600 | Total Assessment | $1,230,000 |
Property Taxes
Parcel Number
263400-092-100-0002-003-131
Land Assessment
$228,600
Improvements Assessment
$1,001,400
Total Assessment
$1,230,000
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2619 Culver Rd