Updated Jun 30, 2025
First Student, Inc Buys Bus Facility From TFI Bus Portfolio LLC For $4.8M In Rochester
575 Colfax Street
$4,827,041
Building Size
—
Asset Type
Commercial
Closing
Jun 26, 2025
About this deal
AI
The property asset involved in the transaction is located at 575 Colfax Street in Rochester. This commercial asset was sold in a sale-leaseback deal, with a sale price of $4,827,041.
Summary of transaction details:
- Property Type: Commercial
- Transaction Amount: $4,827,041
- Buyer: First Student, Inc
- Seller: TFI Bus Portfolio LLC
- Date of Transaction: 06/26/2025
First Student, Inc engaged in this transaction as part of a broader real estate divestment strategy, selling its bus facility. TFI Bus Portfolio LLC, an affiliate of J.P. Morgan, is the purchasing entity of this asset.
Players
Rochester Commercial Market Snapshot
Boundary boundary · Commercial · Sale transactions
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Deal FAQ
Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
3.29%
Cash-on-Cash
-0.94%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93