1300 Scottsville RdRochester, NY 14624

Property Details for 1300 Scottsville Rd

Year built

2001

Lot size

17.50 AC

Property size (Sq ft)

134,965 SF

Zone code

05 - COMMERCIAL

Property type

Industrial properties

Property subtype

Manufacturing properties

APN

262200 135.03-1-16.101

APU

26220013503116101

Description

This exceptional investment opportunity presents a fee-simple ownership of a 138,500-square-foot industrial manufacturing facility situated on a 17.5-acre lot in Rochester, NY. The property, built in 2001, serves as a training and emergency management center for Rochester Gas & Electric (RG&E), a subsidiary of AVANGRID, a publicly traded NYSE company. RG&E, boasting an A- S&P credit rating, holds an absolute triple-net (NNN) lease with zero landlord responsibilities, significantly reducing ownership burdens. The current lease, extended in 2020 four years prior to its original expiration, has approximately 9.9 years remaining, extending to October 31, 2034. The asking price of $23,272,540 reflects a 6.10% cap rate based on a net operating income (NOI) of $1,419,625, with a 2.5% rental increase anticipated in November 2024. The facility comprises 73,708 square feet of two-story office space and 64,792 square feet of one-story warehouse and high-bay service space, including 16 service bays. The property includes specialized equipment, such as an indoor crane and security systems, reflecting a significant tenant investment of $10 million. Furthermore, approximately 7.5 acres of the parcel remain available for potential future development, offering additional rental upside. This mission-critical facility, serving over 371,000 electricity and 307,000 natural gas customers, represents a secure, high-yield investment with a strong, investment-grade tenant and substantial remaining lease term. The property is located at 1300 Scottsville Rd, Rochester, NY 14624.

• Alternative Use

  Use

  Valuation

  Residential

  $24,946,420

  Hospitality

  $22,850,786

  Educational

  $19,011,586

  Medical

  $19,665,424

  Retail

  $29,573,578

Location Insight

City

Rochester

County

Monroe

State

New York

Latitude

43.114

Longitude

-77.6634

CBSA code

40380

CBSA name

ROCHESTER, NY METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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