Asking Price Contact for pricing
Sq. Footage 22,286
NOI Net Operating Income N/A
Cap Rate N/A

Attributes

Year Built 2011
Lot Size 2.92 ACRES

Property Description

Murrysville Commons, a two-story medical office building for sale, consisting of approximately 22,286 sq feet rentable area. The building is currently 89% occupied, with 53% from Allegheny Health Network, one of the area’s dominant medical care providers with over $2.6 billion annual revenue. The building maintains a strong and diversified rent roll with 100% medical tenancy and complementary specialties, including Allegheny Orthopedic Associates, East Suburban OB/GYN, Irwin Primary Care Associates, and Murrysville Internal Medicine, all part of AHN, as well as East Suburban Pediatrics, Metro Vein Centers and Alliance Physical Therapy.

Investment Highlights

  • Stable cash flow with 5.7 years of weighted average lease term under triple net leases with contractual annual escalations
  • Key outpatient location complements AHN’s continued suburban expansion
  • Opportunity for value creation through lease up of the lone remaining vacancy
  • Located less than five miles from AHN’s Forbes Hospital Campus, a 315-bed hospital with a 44% market share
  • Exceptional visibility and convenient access along U.S. Route 22
  • Located in affluent and desirable sub-market of Pittsburgh
  • Recent capital improvements, including parking lot resealing and striping
  • Available fee simple and free and clear of debt
Justin Hill
Justin Hill
EVP, Capital Markets
Vasilios Davos
Vasilios Davos
VP, Production Support

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