Log In/Sign Up
1-4 Kensington Square
New Kensington, PA 15068
Kensington Square | Medical & Retail · Office Property For Sale
Investment Highlights
- 92% Occupied, 26,351 SF Four-Building Medical & Retail Offering in New Kensington, PA (Pittsburgh MSA)
- DaVita (21% of GLA) is Leased thru July 2026; Over $1.2M Invested by Tenant in Build-Out with 8 Hemodialysis Stations; Large 13.6% Rent Increase i
- Freestanding First National Bank (FNB) Branch Included in Sale – Separately Parceled w/ Strong Deposits of $63 Mil; Headquartered in Pittsburgh
- Anchored by DaVita Kidney Care & Allegheny Health Network (AHN) (Combined 36% of GLA) – Prominent Multi-Billion Dollar Healthcare Organizations
- Cheap/Replaceable Rents Averaging $11.57/SF Gross
- Offers In-Place Year 1 Cash-on-Cash Return of 9.5% and Year 1 Total Return of 14.9% at 4.25% Interest Rate, 70% LTV Bank Financing Terms
Property Facts
Property Type
Office
Property Subtype
Building Size
9,875 SF
Building Class
B
Year Built
1985
Percent Leased
92%
Tenancy
Multiple
Building Height
1 Story
Typical Floor Size
9,875 SF
Building FAR
0.50
Lot Size
0.46 AC
Parking
15 Spaces (1.52 Spaces per 1,000 SF Leased)
Property Taxes
| Parcel Number | 24-03-15-0-528 | Improvements Assessment | $54,700 |
| Land Assessment | $13,400 | Total Assessment | $68,100 |
Property Taxes
Parcel Number
24-03-15-0-528
Land Assessment
$13,400
Improvements Assessment
$54,700
Total Assessment
$68,100
1 of 1
Videos
Matterport 3D Exterior
Matterport 3D Tour
Photos
Street View
Street
Map
