Röchling Medical Acquires 105 Elmore Drive Industrial Property In Rochester For $6.1M
105 Elmore Road
$6,100,000
$70/SF
Building Size
86,000 SF
Asset Type
Industrial
Closing
Feb 1, 2024
AI
An 86,000-square foot industrial property located at 105 Elmore Drive in Rochester, New York, was recently sold for $6,100,000 at a price per square foot of $71. The sale was facilitated by James Buckley from Endeavor Real Estate Group on behalf of the buyer, Röchling Medical Rochester, and the seller, Abe-David Rochester.
Summary of transaction details:
- Property Type: Industrial
- Transaction Amount: $6,100,000
- Address: 105 Elmore Drive
- Market: Rochester
- Buyer: Röchling Medical Rochester
- Seller: Abe-David Rochester
- Broker: James Buckley - Endeavor Real Estate Group
James Buckley, the Managing Principal of Endeavor Real Estate Group, orchestrated the transaction between Röchling Medical Rochester and Abe-David Rochester. The purchaser, a major healthcare manufacturer with global operations, plans to utilize the industrial property to provide manufacturing solutions and a variety of top-quality custom components to the life sciences industry.
Rochester Industrial Market Snapshot
Boundary boundary · Industrial · Sale transactions
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
2.60%
Cash-on-Cash
-0.74%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93