Monroeville: Cape Rate 8,39 % - Medical Office Park Building I & II

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Description

Corporate One (Building I): 4055 Monroeville Blvd., Monroeville, PA 15146
This 57,687 sf building is situated on 5.44 acres of land. It is a high quality, multi-tenant office building located in the strong suburban market of Monroeville. It is adjacent to the Miracle Mile shopping center anchored by Marshall' s, Old Navy, DSW and Office Max. Nearby retailers include Lowe' s, Target, Petco and Eckerd.

Corporate One (Building II): 4075 Monroeville Blvd., Monroeville, PA 15146
Adjacent to Corporate One on its own 3.59 acre parcel, this multi-tenant 58,231 sf office building is of the same quality only built 4 years later. This building is also adjacent to the Miracle Mile shopping center and is a Class A building that was constructed in 1989.

Monroeville is one of the most active and financially viable business communities in all of Southwestern Pennsylvania. Consistently looked upon as one of the region' s model cities, Monroeville has been the trendsetter for responsible economic growth and development for well over half a century. Career opportunities exist in nearly every major industry type. Established firms such as Alcoa and PPG maintain a major presence in Monroeville, sparking an atmosphere for innovation and entrepreneurship demonstrated by many start up companies locating there. Walking distance to Miracle Mile Shopping Center for a diverse selection of shopping, banking, restaurants, and personal services including Old Navy, Marshalls, Lowe' s, Office Max, DSW, LA Fitness, Taco Bell and more. The 1.1 million sf Monroeville Mall is located 1.5 miles west of the properties and is anchored by Boscov' s, Macy' s and JC Penny, and boasts over 180 inline tenants. The Pittsburgh Expo Mart convention center which is attached to a 322 room Radison hotel, with 106,000 ft of floor space and 8 large conference rooms is located 1.3 miles west.

Price:
$12,500,000
Building Size:
115,918 SF
Price/SF:
$107.83
Property Type:
Office
Property Sub-type:
Medical Office
Property Use Type:
Investment
Cap Rate:
8.39%
Building Class:
A
Tenancy:
Single