287 GENESEE Street Utica, NY 13501

Two story, multiple tenant professional office building with 22,428 sf located in the City of Utica. Major cashflow at at 11.28% Cap Rate and 17% cash on cash return. No fuss long term tenants and can easily be managed remotely from long distances. This is a 40-45 year old building consisting of Class B quality construction. Tenant size range is 250 to 4,650 sf. Total net rentable square footage is 18,050 sf with currently 3500 sq/ft vacant. There are 13 tenant suites with an average size of 1,388 sf. Most tenants are long term with annual leases. The owner has made significant improvements and property upgrades since purchase in 2012 including more than $350k on capital improvements including new roof, Chiller/HVAC, complete window and door, exterior renovations and electrical upgrades.