Listed by CBRE - Rochester
$14,300,000
Route 96 Office Portfolio
Details
Property Type Office
Sub Type Traditional Office, Executive Office
Square Footage 92,258
Net Rentable (SqFt) 92,258
Units 356
Occupancy 92.4%
Tenancy Multi
Class A
Year Renovated 2023, 2026
Buildings 2
Acreage 7.920
Investment Type Core
High-performing Class A office properties in prime suburban submarket
Marketing description
Visit www.route96office.com to access the offering memorandum.
CBRE Upstate NY has been retained as the exclusive broker for the sale of 1000 & 1200 Pittsford Victor Road, two Class A office buildings totaling 92,258 square feet in suburban Rochester, New York. The portfolio is well-leased (approximately 92.4%) and located in one of the most desirable submarkets of the metro area, surrounded by 2.8± million square feet of retail space, 2.3± million square feet of office space, and attractive residential communities.
Investment highlights
- Well Entrenched Tenants: Key tenants are currently making significant investments in FF&E, and have made long-term commitments to their Properties.
- Minimal Vacancy: The Properties benefit from secure in-place cash flow with 92.4% of the square footage leased.
- Recent Improvements: Extensive renovations at the properties have resulted in steady lease up and consistent year-over-year NOI growth.
- Mature Submarket: The Property is located in an extensively developed area with few opportunities for new competing development.
- Amenities & Demand Drivers: The properties offer convenient access to the metro area‘s premier retail environment as well as numerous restaurants, hotels and services. The immediate area is also home to many of the Greater Rochester Area‘s most attractive residential communities.
Listing Contacts
Listed by CBRE - Rochester
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