5700 Genesee StCamillus, NY 13031

For Sale
$7,500,000

Prime Medical Office Building, High Occupancy

Overview

Added:
Dec 11, 2024
Days on market:
97
Medical Center West, located at 5700 W Genesee St, Camillus, NY 13031, presents a compelling investment opportunity. This Class B medical office building boasts 106,834 square feet on a 9.25-acre lot, featuring 83,520 square feet of rentable space. Constructed in 1986, the two-story building comprises over 25 suites, ranging in size from 350 to over 13,000 square feet, catering to a diverse range of medical practices. Currently, the building enjoys over 67 percent occupancy. Significant capital improvements have recently been completed, including new roofs, a replaced chiller, a renovated lobby, and upgrades to the parking lot, sidewalks, and landscaping. The property offers convenient access with six separate entrances and ample parking, providing over 250 free on-site spaces. The asking price is $7,500,000, translating to $70.20 per square foot. This well-maintained property, situated in Onondaga County, presents a strong return on investment potential for discerning buyers in the thriving medical office market.

Highlights

  • Class B medical office building totaling 106,834 square feet on a 9.25-acre lot in Camillus, NY.
  • 83,520 square feet of rentable space with over 25 suites ranging from 350 to over 13,000 square feet.
  • Currently 67%+ occupied.
  • Recently completed capital improvements including new roofs, chiller replacement, lobby renovation, and parking lot/landscaping upgrades.
  • Features six entrances and over 250 free on-site parking spaces.
  • Asking price: $7,500,000 ($70.20/SF).

Property Details for 5700 Genesee St

Property type
Other office properties, Medical offices
Square Feet
106,834 SF
Class
B
Year Built
1986
Buildings
1
Stories
2
Lot Size (sq. ft)
402,930 SF

Location Insight

City
Camillus
County
Onondaga
State
New York
Latitude
43.040733
Longitude
-76.294247
5700 Genesee St, Camillus, New York

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5700 Genesee St
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