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105 Elmore Road

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

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.

Players

James Buckley

Endeavor Real Estate Group (NY)

Broker

$57.8M

vol

5 deals

Broker

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