125 White Spruce BlvdRochester, NY 14623

For Sale
$6,900,000

Value-add shopping center, high growth potential.

Overview

Added:
Dec 11, 2024
Days on market:
92
Southview Commons, a 45,085 square foot Class B shopping center in Rochester, NY, presents a compelling value-add investment opportunity. Located at 125 White Spruce Blvd, in Monroe County, this multi-tenant property boasts a 5.66% cap rate and a current NOI of $390,592, based on an asking price of $6,900,000 ($153.04/sq ft). Currently 57% occupied, the center offers a mix of retail, office, and flex/showroom spaces. Its prime location in a densely populated area of suburban Rochester offers superior access to expressways and is surrounded by a vibrant mix of office parks, hotels, multi-family residential, additional retail amenities, Monroe Community College, and the University of Rochester Medical Center (Strong). This presents a unique chance to capitalize on a strong location and increase occupancy to maximize returns. The property's diverse tenant mix and flexible space options provide significant upside potential for a savvy investor seeking to enhance value and generate substantial income. The address is 125 White Spruce Blvd, Rochester, NY 14623.

Highlights

  • $6,900,000 asking price for a value-add opportunity.
  • 45,085 square foot Class B shopping center in Rochester, NY.
  • 5.66% cap rate with a $390,592 NOI.
  • 57% occupancy in a multi-tenant retail building.
  • $153.04 price per square foot.

Property Details for 125 White Spruce Blvd

Property type
Lifestyle centers, Power centers
Square Feet
45,085 SF
Class
B

Location Insight

City
Rochester
County
Monroe
State
New York
Latitude
43.105017501451
Longitude
-77.618345192598
125 White Spruce Blvd, Rochester, New York

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125 White Spruce Blvd
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