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385 E Waterfront Dr 94,959 SF Office Building Homestead, PA 15120 $19,940,600 ($209.99/SF) 8% Cap Rate



EXECUTIVE SUMMARY
385 & 395 East Waterfront Drive, Homestead, PA
This is a two building sale on one parcel:
385 E Waterfront Dr. 74,758 Sq Ft
395 E Waterfront Dr. 20,201 Sq Ft
Total 94,959 Sq Ft
LOCATION-LOCATION-LOCATION
Located on the Shores of the Monongahela River directly across the street from the Waterfront Town Center a 26 Acre 1.35MM sq. ft. open air Shopping Center anchored by Giant Eagle, Costco Wholesale, Dick’s Sporting Goods, DSW, Lowes, Marshalls, T.J. Maxx and Target along with many more tenants. The Center is approximately 97% leased.
This is a two building sale on one parcel:
385 E Waterfront Dr. 74,758 Sq Ft
395 E Waterfront Dr. 20,201 Sq Ft
Total 94,959 Sq Ft
LOCATION-LOCATION-LOCATION
Located on the Shores of the Monongahela River directly across the street from the Waterfront Town Center a 26 Acre 1.35MM sq. ft. open air Shopping Center anchored by Giant Eagle, Costco Wholesale, Dick’s Sporting Goods, DSW, Lowes, Marshalls, T.J. Maxx and Target along with many more tenants. The Center is approximately 97% leased.
DATA ROOM Click Here to Access
- Offering Memorandum
PROPERTY FACTS
Sale Type
Investment NNN
Property Type
Office
Building Size
94,959 SF
Building Class
B
Year Built
2003
Price
$19,940,600
Price Per SF
$209.99
Cap Rate
8%
NOI
$1,595,248
Tenancy
Single
Building Height
3 Stories
Typical Floor Size
31,653 SF
Slab To Slab
11’
Building FAR
0.36
Lot Size
6.10 AC
Parking
175 Spaces (1.84 Spaces per 1,000 SF Leased)
AMENITIES
- Bus Line
- Storage Space
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PROPERTY TAXES
| Parcel Number | 0130-B-00276-0000-00 | Improvements Assessment | $7,412,700 |
| Land Assessment | $1,700,000 | Total Assessment | $9,112,700 |
PROPERTY TAXES
Parcel Number
0130-B-00276-0000-00
Land Assessment
$1,700,000
Improvements Assessment
$7,412,700
Total Assessment
$9,112,700
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385 E Waterfront Dr
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