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Value-Add MOBs | 8.75 Cap | Pittsburgh MSA 3578 Brodhead Rd 29,003 SF 70% Leased Office Building Monaca, PA 15061 $2,300,000 ($79.30/SF) 9% Cap Rate
INVESTMENT HIGHLIGHTS
- Currently 70% leased, the asset offers a clear value-add opportunity through lease-up of remaining vacancies and stabilization with longer-term lease.
- Ownership has recently completed over $150,000 in key upgrades including five new HVAC units, interior renovations of vacant suites
- Majority occupancy by medical users, who typically demonstrate high retention due to significant build-out costs and patient continuity concerns.
- Features a 4.0/1,000 SF parking ratio, well-suited for healthcare tenants with higher parking requirements.
EXECUTIVE SUMMARY
Kyle Matthews
License No. RB068831 (PA)
(866) 889-0550
Matthews Real Estate Investment Services, Inc
1600 West End,
Ste. 1500 Nashville, TN 37203
License No. RB068831 (PA)
(866) 889-0550
Matthews Real Estate Investment Services, Inc
1600 West End,
Ste. 1500 Nashville, TN 37203
PROPERTY FACTS
Sale Type
Investment
Property Type
Office
Property Subtype
Medical
Building Size
29,003 SF
Building Class
B
Year Built
1975
Price
$2,300,000
Price Per SF
$79.30
Cap Rate
9%
NOI
$206,917
Percent Leased
70%
Tenancy
Multiple
Building Height
3 Stories
Typical Floor Size
9,668 SF
Building FAR
0.96
Lot Size
0.69 AC
Zoning
commercial - Commercial
Parking
132 Spaces (4.55 Spaces per 1,000 SF Leased)
AMENITIES
- 24 Hour Access
MAJOR TENANTS
- TENANT
- INDUSTRY
- SF OCCUPIED
- RENT/SF
- LEASE TYPE
- LEASE END
- Foot & Ankle Wellness Center
- Health Care and Social Assistance
- -
- -
- Triple Net
- -
- Gelous Nails
- -
- -
- $14.15
- Plus Utilities
- Jun 2030
- Great Lakes Orthopedics & Sports Medicine, P. C
- Health Care and Social Assistance
- -
- -
- -
- -
- Stay In Touch Hearing Aids
- Retailer
- -
- -
- -
- -
| TENANT | INDUSTRY | SF OCCUPIED | RENT/SF | LEASE TYPE | LEASE END | |
| Foot & Ankle Wellness Center | Health Care and Social Assistance | - | - | Triple Net | - | |
| Gelous Nails | - | - | $14.15 | Plus Utilities | Jun 2030 | |
| Great Lakes Orthopedics & Sports Medicine, P. C | Health Care and Social Assistance | - | - | - | - | |
| Stay In Touch Hearing Aids | Retailer | - | - | - | - |
SPACE AVAILABILITY
- SPACE
- SIZE
- SPACE USE
- CONDITION
- AVAILABLE
This unit is an interior unit with natural lighting in some offices and the 11 X 12 break room. There are a total of 6 offices and a conference room. There is a private restroom in the unit as well as access to upgraded common area restrooms. The paint, flooring, and carpet are all in good condition. *** This space can be reduced by approx 120 sf, if only 5 offices are needed.***
This is an interior unit in a nicely upgraded professional building. There are common area restrooms just outside of unit. Current configuration has a good size Reception/Lobby area, 12' X 13' Office, and a 17' X 22' Open Area
| Space | Size | Space Use | Condition | Available |
| 2nd Fl-Ste 3A | 1,215 SF | Office | Full Build-Out | Now |
| 2nd Fl-Ste 3B | 750 SF | Office | Full Build-Out | Now |
2nd Fl-Ste 3A
| Size |
| 1,215 SF |
| Space Use |
| Office |
| Condition |
| Full Build-Out |
| Available |
| Now |
2nd Fl-Ste 3B
| Size |
| 750 SF |
| Space Use |
| Office |
| Condition |
| Full Build-Out |
| Available |
| Now |
1 of 78
VIDEOS
MATTERPORT 3D EXTERIOR
MATTERPORT 3D TOUR
PHOTOS
STREET VIEW
STREET
MAP
2nd Fl-Ste 3A
| Size | 1,215 SF |
| Space Use | Office |
| Condition | Full Build-Out |
| Available | Now |
This unit is an interior unit with natural lighting in some offices and the 11 X 12 break room. There are a total of 6 offices and a conference room. There is a private restroom in the unit as well as access to upgraded common area restrooms. The paint, flooring, and carpet are all in good condition. *** This space can be reduced by approx 120 sf, if only 5 offices are needed.***
1 of 9
VIDEOS
MATTERPORT 3D EXTERIOR
MATTERPORT 3D TOUR
PHOTOS
STREET VIEW
STREET
MAP
2nd Fl-Ste 3B
| Size | 750 SF |
| Space Use | Office |
| Condition | Full Build-Out |
| Available | Now |
This is an interior unit in a nicely upgraded professional building. There are common area restrooms just outside of unit. Current configuration has a good size Reception/Lobby area, 12' X 13' Office, and a 17' X 22' Open Area
1 1
PROPERTY TAXES
| Parcel Number | 56-012-0410.000 | Improvements Assessment | $275,850 |
| Land Assessment | $62,600 | Total Assessment | $338,450 |
PROPERTY TAXES
Parcel Number
56-012-0410.000
Land Assessment
$62,600
Improvements Assessment
$275,850
Total Assessment
$338,450
CONTACTS
-
Josh Cordray -
Michael Moreno -
Rahul Chhajed -
Matthews Real Estate Investment Services
1 of 4
VIDEOS
MATTERPORT 3D EXTERIOR
MATTERPORT 3D TOUR
PHOTOS
STREET VIEW
STREET
MAP
1 of 1
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Value-Add MOBs | 8.75 Cap | Pittsburgh MSA | 3578 Brodhead Rd
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