Rochester, NY Endeavor Real Estate Group negotiated the sale of 105 Elmore Dr., an 86,000 s/f industrial property. Endeavor’s managing principal James Buckley facilitated the transaction on behalf of the purchaser and seller.
“We continue to see robust demand for industrial product across the northeast — even during a period of significant interest rate volatility, activity in the sector has remained consistent,” said Buckley.
The property, last asking $6.1 million, features a floor plan suited for warehousing and distribution operations, while offering eight loading docks and 40 ft. clear height.
The purchaser, a manufacturer in the healthcare industry and partner to pharmaceutical, biotech and medtech companies with over 40 locations worldwide, will be utilizing the facility to offer complete manufacturing solutions and a wide range of high-quality custom components and assemblies including end-to-end OEM products to the life sciences industry.
When Environmental Site Assessments (ESA) were first part of commercial real estate risk management, it was the lenders driving this requirement. When a borrower wanted a loan on a property, banks would utilize a list of “Approved Consultants” to order the report on both refinances and purchases.