250,000 Sf Industrial Facility For Sale - New York Property For Sale Or Rent at BestRealEstatePlanet.com

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Property For Sale Or Rent: 250,000 Sf Industrial Facility For Sale

USA, New York

1999 Mt. Read Boulevard
Rochester
New York 14607
USA

Property for sale: $9,900,000 USD (Negotiable)

Industrial Park For Sale in Rochester, New York USA

The Mt. Read Blvd. Industrial Facility is a 250,000 S.F. multi-building, multi-story manufacturing complex that has been developed since the 1960's. Significant additions and upgrades were made to the facility in 1978, 1987, 1991, and most recently in 1995. The buildings were designed specifically for manufacturing use and contain many built-in items including fixtures and equipment.

The Mt. Read Blvd. Industrial Facility is a 250,000 S.F. multi-building, multi-story manufacturing complex that has been developed since the 1960's. Significant additions and upgrades were made to the facility in 1978, 1987, 1991, and most recently in 1995. The buildings were designed specifically for manufacturing use and contain many built-in items including fixtures and equipment. There are 3 entrances and exits to the facility with 3 parking lots adequately serving the complex. The property is a 30.19 +/- acre parcel in Rochester (18 +/- acres improved and 12.19 +/- acres of vacant land) with an adjoining 25.19 +/- acre parcel of vacant land in the town of Greece. The property was purchased by Flaum Management Company, Inc. in 1999. At that time the property was completely vacant and was designed for a single user. Flaum Management Company, Inc. invested significantly into turning this property into a mult-tenant facility. Significant capital improvements and upgrades have been made to the existing structures and the overall facility in general. Please contact us for a list of upgrades and capital improvements that have been made to this facility in the last 6 years.

This facility is located in a predominantly industrial neighborhood, 3 miles from Rochester CBD. Primary access is from Mt. Read Boulevard immediately south of Ridgeway Avenue. Adjacent neighbors are Eastman Kodak to the north, west, and south, and Holleder Industrial Park to the east. Access to I-390 is available approximately 1 mile to the west at the intersection of Ridgeway Avenue and I-390, and Ridge Road is located less than one mile to the north. The Greater Rochester International Airport is approximately 4 miles to the south. This property is also located in a NYS Empire Zone. Please see the NYS Empire Zone website for additional information about business incentives available for companies located in Empire Zones.

Financial Summary Proforma
Year: 2006
Scheduled Gross Income: $975,196
Vacancy: $34,000
Reimbursements: $46,570
Effective Gross Income: $1,055,766
Maintenance: $21,278
Taxes: $147,231
Insurance: $18,137
Other Expenses: $63,370
Total Expenses: $250,016
Net Operating Income: $805,750

Property Summary

Offered by		Agent
Construction Year		1965
Area		58 Acres
Features		Furnished, Pet Friendly, Terrace, High-Speed Internet, Furniture - Everything For Running Restaurant, Including, Kitchen, Restaurant, Small Bar,