For Sale
Call for price

919 Westfall RdRochester, NY 14618

Rochester, NY Medical Office Park

Overview

Added:
Dec 11, 2024
Days on market:
117
This exceptional Class A medical office campus in Rochester, NY, presents a compelling investment opportunity. Comprising eight buildings totaling 404,273 square feet on a 38.15-acre lot, this multi-tenant property boasts an impressive 88.46% occupancy. Constructed between 1983 and 2003, the buildings range in size from approximately 20,000 to 120,000 square feet. The campus benefits from a strong anchor tenant, the University of Rochester Medical Center (URMC), occupying 63% of the rentable square footage. URMC, the largest acute care general hospital in Rochester, serves a 14-county area and is part of the University of Rochester, a major employer with over 29,000 employees and an Aa3 credit rating from Moody's. The property's location is strategically situated approximately two miles from URMC's main 5.4 million square foot campus, including the 886-bed Strong Memorial Hospital. Five leases have been renewed within the past year, contributing to a weighted average lease term (WALT) of 5.3 years. This stabilized investment showcases a dynamic outpatient medical office campus with significant growth potential, given the University's consistent expansion of off-campus real estate, averaging 8% annual growth over the past 15 years. The property's location in Monroe County, near the city of Rochester, provides excellent access to a large and growing patient base.

Highlights

  • University of Rochester Medical Center (URMC) anchors 63% (258,532 SF) of this eight-building medical office campus.
  • Five leases renewed within the past year.
  • Moody's Aa3 credit rating for the anchor tenant.
  • Eight-building, 404,000 SF dynamic outpatient medical office campus.
  • 88.46% occupancy with a 5.3-year weighted average lease term (WALT).

Property Details for 919 Westfall Rd

Property type
Office properties, Medical offices
Square Feet
404,273 SF
Class
A
Year Built
1983
Buildings
8
Lot Size (sq. ft)
1,661,814 SF

Location Insight

City
Rochester
County
Monroe
State
New York
Latitude
43.1139957
Longitude
-77.5965957
919 Westfall Rd, Rochester, New York

FAQs

How do I add a non-forward facing team member such as a broker coordinator or broker aide to a listing in order to ensure they get notifications on the property?
Please email our support team at [email protected] and they will add the team member.
How do I access a private listing?
Please contact the broker directly with the information provided on the listing. Once the broker approves your credentials he will make the information public to you.
How can I contact the broker?
We strongly encourage to message the broker through our portal by clicking on the “Envelope” icon next to the brokers photo on the property page. We’ve found brokers response time is much quicker via our messaging portal than phone as brokers are always on the go.
How do I unsubscribe from emails?
At the footer of each email you will find links to Reduce Email Frequency, Adjust Email Settings or Unsubscribe altogether. If you choose to Unsubscribe and are still receiving emails please reach out to us at [email protected].
919 Westfall Rd
Thanks! Your message was sent.
Error! Your message wasn't sent.
Please enter your first name
Please enter your last name
Please enter email
Please enter the email in the correct format
Please enter phone
Please enter the number in the correct format
Select size
Please enter message