net leased medical office facility

Cornerstone
Eye Associates
URMC Pain
Treatment Center
NET LEASED MEDICAL OFFICE FACILITY
170 Sawgrass Drive, Brighton, NY 14620
Price: $7,700,000 | CAP Rate: 8.5%
EXCLUSIVE LISTING AGENTS:
Frank Miller
686.998.8119
[email protected]
In association with:
Joseph F. Rowley, Jr.
585.240.8080 x230
 Excellent Opportunity to Buy Quality Investment Property
 Fully Leased to Elizabeth Wende Breast Care, LLC
 Offers a Prime Location Near Area Hospitals & Expressways
 Many Retail Services & Amenities Within Close Proximity
 Modern, Two-Story, Class A Office Building
 Single Tenant Net Leased Medical Building with Assumable Financing
 7.76% Cash on Cash Return
NET LEASED
MEDICAL
Whisper
Valley
Ranch OFFICE FACILITY
Property Line
Investment
Overview
Map
INVESTMENT SUMMARY
EXP Realty Advisors exclusively presents for sale a net leased medical office building locates at 170
Sawgrass Drive in the town of Brighton, a suburb of Rochester, New York. Rochester is the 3rd
largest market in New York State and home to over 1.1± million people in the six-county
Metropolitan Statistical Area (MSA).
PROPERTY FACTS
Price:
$7,700,000
NOI:
$654,608
CAP Rate:
8.5%
Bld. Sq. Ft.:
±32,500
Land Sq. Ft.:
±3.05
Lease Type:
Triple Net
170 Sawgrass Drive
Town of Brighton
Total Size (SF):
Total Acreage:
Floors:
Year Built:
32,562±
3.05±
Two
1999;
Expanded in 2007
Parking:
Tax ID Number:
Zoning:
5.9± Spaces per 1,000 SF
149.060-0001-002.512
E-1 Office
Town of Brighton
Total Taxes (2010-11):
2010 Net Rental Income:
Debt Service on Existing Assumable Loan:
Cash Flow:
Equity Received:
Cash on Cash:
$136,503.66
$654,608
$484,000
$170,608
$2,200,000
7.76%
This information has been obtained from sources deemed reliable, however EXP Realty Advisors, Inc. does not guarantee, warranty or represent its accuracy.
It is the Purchaser’s responsibility to independently confirm the accuracy and completeness of the information contained herein.
INVESTMENT OVERVIEW | 2
NET LEASED
MEDICAL
Whisper
Valley
Ranch OFFICE FACILITY
Overview
Property Line
Investment
Overview
Map
PROPERTY OVERVIEW
Built in 1999 and expanded in 2007, 170 Sawgrass Drive is fully leased to the Elizabeth Wende Breast Cancer Clinic. This modern,
two-story medical office building is home to an internationally-recognized leader in the field of breast imaging and breast cancer
diagnosis. At just over 32,500 square feet, this is one of the largest freestanding breast imaging centers in the United States, and is
the largest of its kind in New York State.
LOCATION OVERVIEW
The Property is located very close to the University of Rochester Medical Center’s (URMC) Strong Memorial Hospital and Highland
Hospital campuses. Adjacent to the Property is the brand new URMC Surgery Center that that opened in 2009. The hospitalaffiliated surgery center features 10 operating suites and three procedure rooms equipped with advanced technology for optimal
care. Also located in the immediate area is a 125,000± square foot Paychex office building and the 46,500± square foot facility for
the Veterans Outpatient Clinic for the Rochester area.
TENANT OVERVIEW
The Elizabeth Wende Breast Cancer Clinic is the sole tenant of the Building, having occupied the facility since its completion in
2000. The most recent term, commencing March 1, 2007 (since the MRI addition in 2007) runs through February 28, 2022.
LEASE TERMS
Annual Rent PSF:
Current Annual Rent:
Escalations:
MORTGAGE TERMS
Loan Amount
$5,500,000
Term:
10 years
Interest Rate:
6.3%
Amortization:
20 years
Annual debt service:
$484,000
The loan can be assumed without penalty.
Terms:
Landlord:
Options:
$20.46 PSF, Triple Net
$654,608
September 2015 = $655,473/annually
September 2020 = $684,337/annually
Triple Net
Responsible for roof and structure.
None
BUILDING SPECIFICATIONS
Building Layout:
Foundation:
Exterior Walls:
Floor:
Interior Walls:
Elevator:
Column Spacing:
HVAC:
Electric:
Capital Improvements:
Two-Story
Concrete
Concrete/Brick
Concrete
Steel Stud
One (1) Passenger
22’ x 25’
Air-Conditioned Throughout
Rochester Gas & Electric
Tenant completed $400,000 of interior improvements in 2010.
This information has been obtained from sources deemed reliable, however EXP Realty Advisors, Inc. does not guarantee, warranty or represent its accuracy.
It is the Purchaser’s responsibility to independently confirm the accuracy and completeness of the information contained herein.
PROPERTY OVERVIEW | 3
NET LEASED
MEDICAL
Whisper
Valley
Ranch OFFICE FACILITY
Aerial Photograph
Property
Investment
Line
Overview
Map
URMC Pain
Treatment Center
Cornerstone
Eye Associates
This information has been obtained from sources deemed reliable, however EXP Realty Advisors, Inc. does not guarantee, warranty or represent its accuracy.
It is the Purchaser’s responsibility to independently confirm the accuracy and completeness of the information contained herein.
AERIAL PHOTOGRAPH | 4
NET LEASED
MEDICAL
Whisper
Valley
Ranch OFFICE FACILITY
Floor Plan
– Overview
First
Property
Investment
Line
MapFloor
This information has been obtained from sources deemed reliable, however EXP Realty Advisors, Inc. does not guarantee, warranty or represent its accuracy.
It is the Purchaser’s responsibility to independently confirm the accuracy and completeness of the information contained herein.
FLOOR PLAN – FIRST FLOOR | 5
NET LEASED
MEDICAL
Whisper
Valley
Ranch OFFICE FACILITY
Floor Plan
– Overview
Second
Property
Investment
Line
Map Floor
This information has been obtained from sources deemed reliable, however EXP Realty Advisors, Inc. does not guarantee, warranty or represent its accuracy.
It is the Purchaser’s responsibility to independently confirm the accuracy and completeness of the information contained herein.
FLOOR PLAN – SECOND FLOOR | 6
NET LEASED
MEDICAL
Whisper
Valley
Ranch OFFICE FACILITY
Floor Plan
– Overview
Expansion
Space
Property
Investment
Line
Map
This information has been obtained from sources deemed reliable, however EXP Realty Advisors, Inc. does not guarantee, warranty or represent its accuracy.
It is the Purchaser’s responsibility to independently confirm the accuracy and completeness of the information contained herein.
EXPANSION SPACE | 7
NET LEASED
MEDICAL
Whisper
Valley
Ranch OFFICE FACILITY
Labeled Aerial
Property
Line Map
Unity Hospital
Rochester General Hospital
Downtown Rochester
Highland Hospital
Greater Rochester
Int’l Airport
Strong Memorial Hospital
170 Sawgrass Road
This information has been obtained from sources deemed reliable, however EXP Realty Advisors, Inc. does not guarantee, warranty or represent its accuracy.
It is the Purchaser’s responsibility to independently confirm the accuracy and completeness of the information contained herein.
LABELED AERIAL | 8
NET LEASED
MEDICAL
Whisper
Valley
Ranch OFFICE FACILITY
Location Line
Map Map
Property
170 Sawgrass Road
This information has been obtained from sources deemed reliable, however EXP Realty Advisors, Inc. does not guarantee, warranty or represent its accuracy.
It is the Purchaser’s responsibility to independently confirm the accuracy and completeness of the information contained herein.
LOCATION MAP | 9
NET LEASED
MEDICAL
Whisper
Valley
Ranch OFFICE FACILITY
Location Line
Map Map
Property
170 Sawgrass Road
This information has been obtained from sources deemed reliable, however EXP Realty Advisors, Inc. does not guarantee, warranty or represent its accuracy.
It is the Purchaser’s responsibility to independently confirm the accuracy and completeness of the information contained herein.
LOCATION MAP | 10
NET LEASED
MEDICAL
Whisper
Valley
Ranch OFFICE FACILITY
Photographs
Property Line
Investment
Overview
Map
This information has been obtained from sources deemed reliable, however EXP Realty Advisors, Inc. does not guarantee, warranty or represent its accuracy.
It is the Purchaser’s responsibility to independently confirm the accuracy and completeness of the information contained herein.
PROPERTY PHOTOGRAPHS | 11
NET LEASED
MEDICAL
Whisper
Valley
Ranch OFFICE FACILITY
Demographic
Property
Line Data
Map
Population
Total Population
Male Population
Female Population
Median Age
Population Density (per sq. mi.)
Employees
Establishments
Income
Median HH Income
Per Capita Income
Average HH Income
Households
Total Households
Average Household Size
Household Growth 2000 - 2010
Housing
Owner Occupied Housing Units
Renter Occupied Housing Units
Vacant Housing Units
Race
White
Black
American Indian, Eskimo, Aleut
Asian
Hawaiian or Pacific Islander
Other
Multirace
Ethnicity
Hispanic
Non-Hispanic
1 Mile
3 Miles
5 Miles
7,716
46.9%
53.1%
43.9
2,448.7
18,402
1,108
100,221
49.3%
50.7%
34.5
3,534.0
115,379
6,808
256,975
48.8%
51.2%
34.1
3,262.2
212,999
13,277
$40,040
$32,886
$59,620
$39,169
$27,642
$56,136
$37,380
$24,920
$56,598
3,088
1.8
-0.6%
42,449
2.1
-4.4%
100,468
2.4
-3.5%
32.8%
58.3%
8.9%
40.7%
48.3%
11.0%
45.3%
41.9%
12.8%
73.9%
11.3%
0.2%
12.4%
0.0%
1.0%
1.3%
61.7%
29.0%
0.3%
6.2%
0.0%
0.9%
1.8%
59.5%
30.1%
0.3%
4.6%
0.1%
3.2%
2.2%
4.3%
95.7%
4.0%
96.1%
10.2%
89.8%
Contact Us
EXP Realty Advisors
118 East 28th Street
Suite #808
New York, NY 10016
Phone: (212) 972-7457
Fax: (212) 686-0078
www.exp1031.com
Our Team
Robert P. James
President
Phone: (212) 972-7457
Email: [email protected]
Frank Miller
Director of Sales & Financing
Phone: (646) 998-8119
Email: [email protected]
In Association With:
Joseph F. Rowley, Jr.
CB Richard Ellis
Phone: (585) 240-8080 x230
Email: [email protected]
This information has been obtained from sources deemed reliable, however EXP Realty Advisors, Inc. does not guarantee, warranty or represent its accuracy.
It is the Purchaser’s responsibility to independently confirm the accuracy and completeness of the information contained herein.
DEMOGRAPHIC DATA | 12
NET LEASED
MEDICAL
Whisper
Valley
Ranch OFFICE FACILITY
Market &Line
Submarket
Overview
Property
Investment
Overview
Map
ROCHESTER AREA OVERVIEW
Located on the southern shore of Lake Ontario in the western region of Upstate New
York, the City of Rochester is New York’s third largest metropolitan area. Traditionally
known for its homegrown “big three” companies (Kodak, Xerox, and Bausch & Lomb),
today Rochester is one of the leading high-tech manufacturing cities in the U.S.
Rochester enjoys close proximity to the global business centers of Toronto and New
York City while still offering a low cost of doing business and quality of life advantages
not found in its larger neighbors. Rochester‘s strengths have often received recognition;
a few notable highlights include: Expansion Management magazine’s 2007 ranking of
Rochester as having the #1 in Quality of Life in the country among metro area’s with a
population over 1 million, as well as their previously naming Rochester a “5-Star
Business Opportunity Metro” and one of “America’s 50 Hottest Cities for Business
Expansions and Relocations”. Rochester ranking 4th out of 125 global markets for
“World Knowledge Competitiveness” a study by Robert Huggins Associates which
measured a region’s ability to translate knowledge capacity into economic value; and
Rochester ranking among the top 50 cities in America in the best selling book, The Rise
of the Creative Class.
POPULATION PROFILE
Rochester is situated in Monroe County, the centermost and largest
county within the six-county Rochester area. Monroe County is
home to 67% of the region’s population of 1.1 million. From a
regional population perspective, Rochester’s location lends itself to
distribution for businesses that want to reach the Northeastern
United States and Canada due to the fact that today, over one-third
of the combined populations of these two countries live within 500
miles of Rochester.
This information has been obtained from sources deemed reliable, however EXP Realty Advisors, Inc. does not guarantee, warranty or represent its accuracy.
It is the Purchaser’s responsibility to independently confirm the accuracy and completeness of the information contained herein.
MARKET & SUBMARKET
OVERVIEW | 13
NET LEASED
MEDICAL
Whisper
Valley
Ranch OFFICE FACILITY
Market &Line
Submarket
Overview
Property
Investment
Overview
Map
ECONOMIC PROFILE
The presence of the Eastman Kodak Company, Bausch & Lomb and Xerox
Corporation has traditionally led to Rochester being viewed as a big
company town. Today these companies employ approximately 3.5% of
the area’s total workforce, as Rochester has become the home to a
much more diversified and balanced economy. While some of the
industry clusters for which Rochester is best known clearly grew out of
the needs of the “big three”, most notably photonics, digital & health
imaging, and precision manufacturing, many of Rochester’s fastest
growing companies are located in the “knowledge industries” of
telecommunications, information technology and the biosciences. The
area has been named one of the “Top 20 Tech Cities in the US” by
Popular Science, and one of the “Top 40 US Biotech Locations” by
Business Facilities. Forbes magazine ranked Rochester number one
among the nation’s 50 largest metro areas for technical innovation with
2.3 patents per 1,000 workers and 66% of those employed in the
manufacturing sector classified as being involved in high-tech industries.
The established strength of the area’s high-tech industries and the
continued investments that are being made in this sector suggest a
bright outlook for Rochester’s future economy.
EDUCATION & INDUSTRY
The area’s 18 colleges and universities, including the research powerhouses of the University of Rochester and the Rochester Institute of
Technology, are a cornerstone of Rochester’s economy. Forbes magazine recently ranked Rochester 6th on its list of “Best Places with Best
Education,” upon the basis of both education and place criteria. Area universities have a total enrollment of 80,000 students with 15,000 degrees
conferred annually. Rochester ranks among the top locations nationally for degrees conferred in mathematics, physical sciences, biology, and
engineering, and the University of Rochester’s medical programs and Simon School of Business are consistently recognized as being among the best
in the country. These educational resources and the strong partnerships that exist between the academic and business communities are a critical
component in sustaining Rochester’s growth in the high-tech sector.
This information has been obtained from sources deemed reliable, however EXP Realty Advisors, Inc. does not guarantee, warranty or represent its accuracy.
It is the Purchaser’s responsibility to independently confirm the accuracy and completeness of the information contained herein.
MARKET & SUBMARKET
OVERVIEW | 14
NET LEASED
MEDICAL
Whisper
Valley
Ranch OFFICE FACILITY
Market &Line
Submarket
Overview
Property
Investment
Overview
Map
QUALITY OF LIFE
Rochester takes pride in its quality of life, and the “#1 in Quality of Life in the Country” ranking by Expansion Management magazine is only one
award. A few other national awards and rankings Rochester has received include: the All-America City Award from the National Civic League; being
named one of the top four livable communities in the country by the Partners for Livable Communities; named one of the “10 Best Cities to Raise a
Family” by Child and Family magazine; ranked 6th Best Place To Live in America by Places Rated Almanac; named as one of the top 10 “healthy
living cities” by Cooking Light magazine, ranked as the 3rd healthiest place for men to live by Men’s Health magazine; and multiple public high
schools ranked in Newsweek’s “100 Best High Schools in America”.
Rochester enjoys a distinct four-season climate that is moderated by the City’s proximity to Lake Ontario. Due to the unique geography of the
region, there are a wide variety of activities available to appreciate. Warmer months find people flocking to some of the area’s 140 annual festivals
as well as the numerous local waterways including Lake Ontario, the Genesee River, the Erie Canal, Irondequoit Bay, and the Finger Lakes (also
home to the country’s second largest wine region). The Rochester area is home to numerous championship golf courses, most notably Oak Hill
which is ranked as one of the top ten courses in the country by Golf Digest. The course has been host to three US Opens, two PGA Championships
(a third will occur in 2013), the Ryder Cup, two US Amateur Championships, the US Senior Open, and the Senior PGA Championship. Another area
course, Locust Hill, will also host the 2010 LPGA Championship Presented by Wegmans.
Rochester, which was named the Best Minor League Sports Market In America, also enjoys a close relationship with the professional sports teams
of its neighbor to the west, Buffalo. The NHL’s Buffalo Sabres are owned by local businessman and Paychex founder Tom Golisano and the NFL’s
Buffalo Bills hold their annual training camp at St. John Fisher College in Pittsford. One-third of the Bills home game tickets are sold in Rochester.
Winter brings the opportunity to ski some of the area’s 100 trails, or for those who prefer to stay out of the snow, the opportunity to check out
some of the cultural activities of the area including: any one of the area’s 35 museums or 60 galleries, the Rochester Philharmonic Orchestra, the
Eastman Theater, Geva Theater, Garth Fagan Dance, or the Eastman School of Music (the #1 graduate music program in the country, US News &
World Report). The area’s rich cultural environment is due in large part to the philanthropy of the community, which boasts the highest per capita
philanthropic donations in the nation.
The community enjoys an affordable housing stock with a median home cost that is 58% lower than the national average. Add to this an average
commute time of just 19 minutes and it becomes clear why Rochester takes pride in the quality of life the community offers.
This information has been obtained from sources deemed reliable, however EXP Realty Advisors, Inc. does not guarantee, warranty or represent its accuracy.
It is the Purchaser’s responsibility to independently confirm the accuracy and completeness of the information contained herein.
MARKET & SUBMARKET
OVERVIEW | 15
NET LEASED
MEDICAL
Whisper
Valley
Ranch OFFICE FACILITY
Market &Line
Submarket
Overview
Property
Investment
Overview
Map
2009-2010 COMMUNITY DEVELOPMENTS
• The ever-expanding University of Rochester had projects at all stages of development in 2009/2010.
The University’s $35 million renovation and expansion of the Eastman School of Music’s Eastman Theatre
reached a milestone with the completions of renovations to Kodak Hall. A 38,000 square foot addition to
the Theatre is also scheduled for completion in spring 2011. On the main campus, work has begun on the
Clinical and Translational Science Building, a 200,000 square foot, $76.4 million projected scheduled for
completion in summer 2011. The facility’s goal is to move the findings of the University of Rochester
Medical Center (URMC) pure biomedical researchers more quickly toward practical applications. It will be
home to 600 employees and be the first LEED certified building on the University campus. The URMC is
also working on plans to add three new stories to the James P. Wilmot Cancer Center. Construction is
projected to begin in the first half of 2010 at a cost of $45 million and be completed in 2012. Finally, the
URMC opened its Ambulatory Surgery Center in 2009, an 80,000 square foot facility at 180 Sawgrass
Drive. The URMC anticipates 8,500 procedures will be completed in the first year at the facility, growing
to an annual capacity of 18,000 by the third year.
• The Rochester Institute of Technology (RIT) completed construction of a new 54,000 square foot
Administrative Services Building and Student Innovation Center. Construction is also underway for a new
32,000 square foot; $9.7 million facility for RIT’s School for American Crafts and is scheduled to be open
for the Fall Quarter of 2010. RIT has also begun work on the $55 million Global Village, a project with will
include commercial and residential space. Phase I of Global Village was completed for Fall Quarter 2010.
The Province at RIT, an 816-bed student housing project opened up in fall 2010. This $41 million
development comes on the heels of Park Pointe, a 946-bed and 68,000± sq.ft. retail development which
opened in fall 2008.
• A $9.1 million renovation of the Arts Center at Nazareth College was completed in 2009. The Arts
Center is home to the Rochester Children’s Theater and Bach Children’s Chorus, as well as being the
performance home of the Rochester City Ballet and the internationally renowned Garth Fagan Dance
Company.
This information has been obtained from sources deemed reliable, however EXP Realty Advisors, Inc. does not guarantee, warranty or represent its accuracy.
It is the Purchaser’s responsibility to independently confirm the accuracy and completeness of the information contained herein.
MARKET & SUBMARKET
OVERVIEW | 16
NET LEASED
MEDICAL
Whisper
Valley
Ranch OFFICE FACILITY
Market &Line
Submarket
Overview
Property
Investment
Overview
Map
OFFICE MARKET OVERVIEW
The Rochester office market is comprised of approximately 15.5± million square feet of competitive, multitenanted Class A and B office space. (An additional 5± million square feet of single-tenant, owner occupied
space is classified as part of the non-competitive inventory and is not included in vacancy figures.) Of the
competitive inventory, 6.7± million square feet is located in the Central Business District (CBD) and 8.8±
million square feet is located in the suburban markets. Primary suburban submarkets include the South
Central and South East with space concentrated in Brighton and Perinton.
THE CENTRAL BUSINESS DICTRICT
Downtown Rochester is home to approximately 2.5± million square feet of Class A office space and 4.3±
million square feet of Class B space. The vacancy rate for Class A space was 12.9% at year-end 2009, a
2.5% decrease from the previous year. Class B properties have consistently shown higher vacancy, with an
overall rate of 22.4%. As is commonly the case for older portions of a city core, much of the square
footage comprising the Class B vacancy is contained within properties that are functionally obsolescent and
are now candidates for conversion to alternative uses.
THE SUBURBAN SUBMARKETS
Rochester’s suburban office market contains a total of 8.8± million square feet of space concentrated in
the South Central and South East submarkets. The South Central’s inventory is comprised of 2.5± million
square feet of Class A space and 1.9± million square feet of Class B space; and the South East’s inventory is
split between 2.6± million square feet of Class A space and 1.8± million square feet of Class B space.
Overall the Class A vacancy rate for the suburban office market increased to 13.8%, up 4.2% from the prior
year, but still in line with the national average. The Class B vacancy rate was 21.9%, however this statistic
is heavily skewed by one vacant property awaiting redevelopment. When this property is isolated from
the balance of the market, the Class B vacancy rate was 13.0%.
This information has been obtained from sources deemed reliable, however EXP Realty Advisors, Inc. does not guarantee, warranty or represent its accuracy.
It is the Purchaser’s responsibility to independently confirm the accuracy and completeness of the information contained herein.
MARKET & SUBMARKET
OVERVIEW | 17
NET LEASED
MEDICAL
Whisper
Valley
Ranch OFFICE FACILITY
Market &Line
Submarket
Overview
Property
Investment
Overview
Map
INVESTMENT MARKET OVERVIEW
The commercial real estate investment market in Rochester mirrored national trends with transaction volume
slowing to a trickle in 2009. Pricing, which rose nationally by 91% from 2001 to its peak in 2007, is now off by
approximately 40% from the peak. However there may be some reason for optimism as the volume of
investment activity in 2010, while still low, was significantly higher than the historic lows seen in 2009.
Looking to 2011 and beyond, most of the discussion around the investment market is focused on the
availability of commercial real estate debt. Both the residential and commercial real estate bubbles were
driven by easy credit that fueled booming securitized markets. The looming threat to commercial property
owners in the United States is that a huge amount of loans are maturing in the next five years, and by some
estimates more than half of the outstanding loans will fail to qualify to refinance under stricter loan terms,
(lenders are requiring increased capital from borrowers and the previously mentioned decrease in property
values has left many properties with debt that is greater than their current market value). A shortfall of funds
for expiring debt will create a situation where properties which are generating enough cash to service their
existing debt will technically be in default nonetheless due to an inability to refinance. While lender driven
sales of distressed assets will do little in the short-term to start to rebuild pricing, it will create opportunities
for investors who have the ability to capitalize on them. Investment activity did pick up as of late 2010, with
these distressed assets beginning to filter into the market.
MARKET FUNDAMENTALS
Commercial real estate markets began to soften in 2008 and truly decline through 2009. Vacancy rates
drifted higher across all property types and sublease opportunities also increased. Lease rates have
responded accordingly, coming down from previous highs and concessions from landlords have become
more frequent. However, with “The Great Recession” now officially over, at least from a purely statistical
standpoint, the questions of what will the economic recovery look like and what impact can be expected
for real estate market fundamentals are being asked. Under most circumstances commercial real estate
generally lags the economy, and this will likely be the relationship between the current economic recovery
and a real estate recovery. Many analysts are now saying the economy has found the bottom, but the
recovery will be slow rather than robust. Businesses certainly remain guarded about the sustainability of
any improvement in the economy, a fact which plays out in their real estate decisions. This prudent
caution on the part of business combined with continued, albeit slowing, job losses will put downward
pressure on commercial real estate demand well into 2010.
Contact Us
EXP Realty Advisors
118 East 28th Street
Suite #808
New York, NY 10016
Phone: (212) 972-7457
Fax: (212) 686-0078
www.exp1031.com
Our Team
Robert P. James
President
Phone: (212) 972-7457
Email: [email protected]
Frank Miller
Director of Sales & Financing
Phone: (646) 998-8119
Email: [email protected]
In Association With:
Joseph F. Rowley, Jr.
CB Richard Ellis
Phone: (585) 240-8080 x230
Email: [email protected]
This information has been obtained from sources deemed reliable, however EXP Realty Advisors, Inc. does not guarantee, warranty or represent its accuracy.
It is the Purchaser’s responsibility to independently confirm the accuracy and completeness of the information contained herein.
MARKET & SUBMARKET
OVERVIEW | 18