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Office Medical

Auction - $184K NOI | Rochester Regional Health Building | 98% Occupied

470 Long Pond Rd, Rochester, NY 14612

Listing Price: $450,000

Gross SF
23,871
Rentable SF
23,871
Price/Gross SF
$18.85
Occupancy
98.0%
Year Built
1999
Lot Size
2.58 acres

Investment Overview

Register to Bid and Access Due Diligence Documents on RealINSIGHT Marketplace

Marcus & Millichap and RI Marketplace are pleased to offer for sale Long Pond Professional Center (the “Property”), a ±23,871 square foot building located at 470 Long Pond Road in Greece, New York. The Property provides the exceptional opportunity to acquire a highly visible investment property with strong cash flow.

Constructed in 1999, Long Pond Professional Center consists of a freestanding facility with ±23,871 square feet spread across two floors. The Property boasts modern office spaces with abundant light that are ADA accessible with an elevator. Excellent walkable amenities include Braddock Bay Wildlife Management Area, Goodwin Park, Lake Ontario, and Long Pond. The location offers great visibility, easy ingress and egress, abundant surface parking for tenant staff and visitors. The Property is conveniently located at a hard corner with excellent accessibility and boasts both building and monument signage along Long Pond Road benefiting from traffic counts of 15,275 vehicles per day. The Property benefits from recent leasing velocity due to the strength of its location with a lease signed by Wells Fargo on November 3, 2023. There has been strong historical occupancy with 93% of tenants being at the Property over five years including Rochester Regional Health occupying for 25 Years. Rochester Regional Health occupies the entire first floor of the building, and recently renewed their lease. The tenant is Rochester’s second largest employer and a leading provider of care for Western New York with 19,000 employees, which includes 2,200 medical providers, 4,000 nurses, and over 750 volunteers.

The Property is located approximately 10 miles north of downtown Rochester in Greece, New York. Rochester’s economy benefits from its central location among the major population centers of the Northeastern United States and the innovative foundations set by firms like Kodak, Xerox, and Bausch + Lomb. The Property is positioned within a growing, affluent market with average household income of ±$100,793 in a one-mile radius and ±111,410 Individuals in a five-mile radius as of 2023.

Investment Highlights

  • STARTING BID $450,000 | $184K NOI | Rochester Regional Health Building | AUCTION JUNE 24-26, 2024
  • ±23,871 SF, Multi-Tenant Office Building in Greece, New York (Rochester MSA) | 98% Occupied
  • Anchored by Rochester Regional Health: Recently Renewed Lease, Occupy 55% of Building, 19K Employees, County's Largest Employer
  • Strong Historical Occupancy with 93% of Tenants at Property Over Five Years including Rochester Regional Health occupying for 25 Years
  • Built in 1999; Located at Hard Corner; 15K VPD Traffic Counts
  • Strength of Location Exemplified by New Wells Fargo Lease Signed Nov 2023
  • Positioned Within a Growing, Affluent Area with Average Household Income of ±$100,793 in a One-Mile Radius and ±111,410 Individuals in a Five-Mile Radius

Exclusively Listed By

Broker of Record

  • John Horowitz

    Broker of Record

    (212) 430-5100

    License(s) NY: 10311204479

    New York

Office Medical

Auction - $184K NOI | Rochester Regional Health Building | 98% Occupied

Listing Price: $450,000

Gross SF
23,871
Rentable SF
23,871
Price/Gross SF
$18.85
Occupancy
98.0%
Year Built
1999
Lot Size
2.58 acres

Investment Highlights

  • STARTING BID $450,000 | $184K NOI | Rochester Regional Health Building | AUCTION JUNE 24-26, 2024
  • ±23,871 SF, Multi-Tenant Office Building in Greece, New York (Rochester MSA) | 98% Occupied
  • Anchored by Rochester Regional Health: Recently Renewed Lease, Occupy 55% of Building, 19K Employees, County's Largest Employer
  • Strong Historical Occupancy with 93% of Tenants at Property Over Five Years including Rochester Regional Health occupying for 25 Years
  • Built in 1999; Located at Hard Corner; 15K VPD Traffic Counts
  • Strength of Location Exemplified by New Wells Fargo Lease Signed Nov 2023
  • Positioned Within a Growing, Affluent Area with Average Household Income of ±$100,793 in a One-Mile Radius and ±111,410 Individuals in a Five-Mile Radius

Investment Overview

Register to Bid and Access Due Diligence Documents on RealINSIGHT Marketplace Marcus & Millichap and RI Marketplace are pleased to offer for sale Long Pond Professional Center (the “Property”), a ±23,871 square foot building located at 470 Long Pond Road in Greece, New York. The Property provides the exceptional opportunity to acquire a highly visible investment property with strong cash flow. Constructed in 1999, Long Pond Professional Center consists of a freestanding facility with ±23,871 square feet spread across two floors. The Property boasts modern office spaces with abundant light that are ADA accessible with an elevator. Excellent walkable amenities include Braddock Bay Wildlife Management Area, Goodwin Park, Lake Ontario, and Long Pond. The location offers great visibility, easy ingress and egress, abundant surface parking for tenant staff and visitors. The Property is conveniently located at a hard corner with excellent accessibility and boasts both building and monument signage along Long Pond Road benefiting from traffic counts of 15,275 vehicles per day. The Property benefits from recent leasing velocity due to the strength of its location with a lease signed by Wells Fargo on November 3, 2023. There has been strong historical occupancy with 93% of tenants being at the Property over five years including Rochester Regional Health occupying for 25 Years. Rochester Regional Health occupies the entire first floor of the building, and recently renewed their lease. The tenant is Rochester’s second largest employer and a leading provider of care for Western New York with 19,000 employees, which includes 2,200 medical providers, 4,000 nurses, and over 750 volunteers. The Property is located approximately 10 miles north of downtown Rochester in Greece, New York. Rochester’s economy benefits from its central location among the major population centers of the Northeastern United States and the innovative foundations set by firms like Kodak, Xerox, and Bausch + Lomb. The Property is positioned within a growing, affluent market with average household income of ±$100,793 in a one-mile radius and ±111,410 Individuals in a five-mile radius as of 2023.

Exclusively Listed By

Broker of Record

  • John Horowitz

    Broker of Record

    (212) 430-5100

    License(s): NY: 10311204479

    New York

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