200 White Spruce Blvd Rochester, NY 14623

Southview Commons, located at 200 White Spruce Blvd, Rochester, NY 14623, presents a compelling investment opportunity. This Class B, multi-tenant office building totaling 27,105 square feet offers a blend of medical and traditional office spaces. Currently boasting 88% occupancy, the property generates a substantial net operating income (NOI) of $420,031 in 2023, translating to an attractive 8.57% capitalization rate. The asking price is $4,900,000, resulting in a price per square foot of $180.78. Situated in a prime suburban location within Monroe County, this property benefits from excellent expressway access and proximity to numerous amenities, including office parks, hotels, residential areas, retail centers, Monroe Community College, and the University of Rochester Medical Center. Recent renovations have enhanced the property's appeal, encompassing the lobby, common areas, roof, exterior, and parking facilities. The building's strong performance and strategic location make it an ideal investment for those seeking a stabilized, high-yield asset in a thriving market. Detailed financial information is available upon execution of a confidentiality agreement.