Office for Sale in Rochester, NY

  • Price: Contact for price
  • Listing type: For sale
  • Asset type: Office
  • Location: Rochester, NY 14623

Description

Medical Office Investment Offering CBRE Upstate NY is pleased to present to qualified investors the opportunity to acquire 200 & 300 White Spruce Boulevard in the Town of Brighton, New York (the “Property”). The Property offers 50,816 rentable square feet of multi-tenant medical and professional office space. Both buildings were extensively renovated in 2020 with improvements including: new siding, new roofs, new lighting, new entry canopy, common area bathroom & lobby renovations, and newly paved parking lots. The buildings are currently 76.7% occupied (Building 200 is fully leased, and Building 300 is 52% leased), providing a sound income stream while continuing to offer upside for investors.

Market Context

This office in Rochester, NY is listed for sale. It has been on the market for 164 days. Compare it against other office listings for sale in Rochester, NY — <a href="/search/sale/office/new-york/rochester">view the full market</a>.

As of Q4 2021, the Rochester office market showed average asking rents near $56.40/SF/yr, and rents up 7.4% year over year. Source: Consensus Q4 2021 market report.

Rising rents point to a competitive market where well-priced, well-located assets trade quickly.

Unified Estimate

Very Low Confidence

$42.74/SF – $57.82/SF

Mid: $50.28/SF

Rate-first confidence-weighted blend with cost-of-business adjustment.

No local comparable sales were available, so this estimate is transferred from a comparable peer market — treat it as a rough indication only. Transferred from peer market charleston (similarity: 100%) with 10 comparable listings.

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