175 Josons DrRochester, NY 14623

  • Industrial properties
  • 37,675 SF
For Sale
$4,955,000 View listing

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
Industrial properties
Property subtype
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 Realmo methods

Valuation date:
Dec 11, 2024
  • Alternative Use

    Use
    Valuation
    Residential
    $6,963,704
    Hospitality
    $6,378,716
    Educational
    $5,307,016
    Medical
    $5,489,533
    Retail
    $8,255,359
175 Josons Dr, Rochester, New York
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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

Tax date
Tax Amount
Assessed Land Value
Assessed Improvement Value
Total Assessed Value
Applied Tax Rate
Land Market Value
Improvement Market Value
Total Market Value
0
-
$420,000
$2,460,000
$2,880,000
-
$420,000
$2,460,000
$2,880,000

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