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Röchling Medical Acquires 105 Elmore Drive Industrial Property In Rochester For $6.1M

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SOLD
$6,100,000

New York

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Industrial86,000 SF
Sold 02/01/2024
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SOLD

Röchling Medical Acquires 105 Elmore Drive Industrial Property In Rochester For $6.1M

105 Elmore Road

See Similar Deals
Industrial86,000 SF
Sold 02/01/2024
the dealplayerscompscontact
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Summary

NEW YORK
Asset Type:Industrial
Price Per Square Foot:$70
Total Square Footage:86,000 SF
Transaction Type:Sale

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.

Players

James Buckley
Endeavor Real Estate Group (NY)
James Buckley
5 deals$57.8M volume
BROKER

Details

SOLD
IMAGE: James Buckley DATE: 02/01/2024 ADDRESS: 105 Elmore Drive MARKET: Rochester ASSET TYPE: Industrial BUYER: Röchling Medical Rochester SELLER: Abe-David Rochester BROKER: James Buckley - Endeavor Real Estate Group (@EndeavorGroup) SALE PRICE: $6,100,000 SF: 86,000 ~ PPSF: $71 NOTE FROM BROKER: @Endeavor Real Estate Group is enthused to announce the sale of 105 Elmore Drive, an 86,000-square foot industrial property located in Rochester, New York. Endeavor's James Buckley facilitated the transaction on behalf of the purchaser and seller. “We continue to see robust demand for industrial product across the northeast – even during during a period of significant interest rate volatility, activity in the sector has remained consistent", commented Buckley, Managing Principal of Endeavor. The purchaser, a leading manufacturer in the healthcare industry and partner to pharmaceutical, biotech, and medtech companies with over 40 locations worldwide, will be utilizing the facility to offer complete manufacturing solutions and a wide range of high-quality custom components and assemblies including end-to-end OEM products to the life sciences industry. About Endeavor Real Estate Group Endeavor Real Estate Group is a commercial real estate advisory firm headquartered in Rochester, New York specializing in investment sales. The company serves corporate, institutional, and individual investors, occupiers, and owners within all facets of the industry across all commercial real estate product types on local, regional, and national levels. Experienced in all categories of commercial real estate, Endeavor offers strategic advisement to clients on investment sales, corporate services, investment sourcing and site selection, tenant representation, location strategy, transaction management, and development marketing. For more information, visit www.endeavor-realestate.com.

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