175 Josons DrRochester, NY 14623
- Manufacturing properties
- 37,675 SF
Property Details for 175 Josons Dr
- Year built
- 2015
- Lot size
- 8.98 AC
- Property size (Sq ft)
- 37,675 SF
- Zone code
- 06 - INDUSTRIAL
- Property type
- Manufacturing properties
- APN
- 263200 161.03-1-26.1
- APU
- 263200161031261
Description
This exceptional Class A industrial property, located at 175 Josons Dr, Rochester, NY 14623, offers a compelling net lease investment opportunity. The 37,575 square foot warehouse boasts a 20-foot ceiling height, two loading docks, and one dock-high door, making it ideal for efficient operations. Built in 2015 and renovated in 2019, the single-story building sits on a strategically located site, approximately four miles from the New York State Thruway/Interstate-90 interchange with I-390, providing easy access to major transportation routes. Currently 100% occupied by a high-credit tenant, Rexel USA, Inc., under a triple-net (NNN) lease extending to February 28, 2035, this property offers predictable cash flow and built-in rental increases throughout the lease term. The property is zoned for industrial and mixed-use overlay, providing flexibility for future development. The asking price is $4,955,000, translating to $131.87 per square foot. This represents a rare opportunity to acquire a high-quality, net-leased industrial asset in a strong market. The property's prime location, modern features, and long-term lease with a financially sound tenant make it an attractive investment for discerning buyers.
Valuation
by Paperhouses methods
- Valuation date:
- Dec 11, 2024
-
CAP approach
- CAP return
- Valuation
- 6%
- $14,237,400
- 6.5%
- $13,142,200
- 7%
- $12,203,400
-
Comparable approach
- Method
- Valuation
- Relative Method
- $5,507,070
- Geo Method
- $3,792,210
-
Alternative Use
- Use
- Valuation
- Retail / Commercial
- $6,619,510
- Mixed-Use / Specialty
- $6,501,570
- Hospitality / Lodging
- $4,647,160
- Office
- $6,364,680
- Institutional / Educational
- $6,725,290
- Residential Income
- $7,868,590
- Multifamily
- $9,960,200
- Automotive / Energy
- $5,764,540
- Parking / Income-Based Land
- $2,082,480
- Restaurant / Food Service
- $3,180,160
- Healthcare / Senior Housing
- $6,763,990
Location Insight
- City
- Rochester
- County
- Monroe
- State
- New York
- Latitude
- 43.0804
- Longitude
- -77.6578
- CBSA code
- 40380
- CBSA name
- ROCHESTER, NY METROPOLITAN STATISTICAL AREA
Property Tax & Assessments
Comparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
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