184 Smith Street
184 Smith Street presents an opportunity to acquire an occupied industrial investment property in Rochester, New York. The ±5, 000-square-foot block building is situated on approximately 0.39 acres and features a durable steel roof and functional interior improvements suited to its current industrial use. The property is occupied by ROC Recycling Company, which operates a bottle and can redemption facility at the site. The tenant has occupied the property under lease since 2017 and recently executed a renewal extending its occupancy through December 31, 2031, providing an investor with established income and long-term occupancy.
Highlights:
• ±5,000 SF industrial building
• Approximately 0.39 acres
• Occupied single-tenant investment
• Lease term through December 31, 2031
• Block construction with steel roof
• Established bottle and can return operation
• Cash-flow details available upon inquiry
- Property type
- Industrial
- Building size
- 5,000 SF RBA
- Lot size
- 0.39 acres
- Year built
- 1940
- Occupancy
- 100%
- Zoning
- CCD-R Center City Riverfront
- Cap rate
- 9.93%
- NOI
- $39,224