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Champion Commons 5231 Penn Ave 28,661 SF 100% Leased Office Building Pittsburgh, PA 15224 $4,995,000 ($174.28/SF)
Investment Highlights
- Large meeting rooms and kitchenettes on each floor
- Site allows for generous parking or site (re)development
- Abundant on-site, free parking
- Proximate to stable economic drivers
Executive Summary
- Floor plates: 10,000 SF (1st & 2nd floors); 5,061 SF (3rd floor); 3,600 SF (Ground floor)
- Office space with large meeting rooms and kitchenettes on each floor
- On-site, free parking and direct access to public transportation
- Located in Pittsburgh’s East End, with proximity to the Children’s Home of Pittsburgh, Children’s Hospital, and Liberty East
Development Potential
- Existing building has a large light well, 16’ ceilings, and exposed wood beams; attributes that benefit a residential redevelopment
- The site totals 0.98 acres, allowing for generous parking or site (re)development
Proximate to stable economic drivers:
- UPMC Children’s Hospital: 313 staffed beds with $3.8 billion of patient revenue
- The Children’s Home of Pittsburgh: 30-bed pediatric specialty hospital with $18.4 million of total revenue
- East Liberty Family Health Care Center (ELFHCC): federally qualified health center (FQHC) – 42,00 patient visits with $12.3 million of total revenue; on-site, free parking and direct access to public transportation
Multifamily Rental Rates:
- Pittsburgh metro rental rates increased 2.5% for the trailing 12 months ending February 2026
- Since 2019: Pittsburgh rents increased approximately 47.9%
Property Facts
Amenities
- Bus Line
- Property Manager on Site
Major Tenants Click Here to Access
- Tenant
- Industry
- SF Occupied
- Rent/SF
- Lease Type
- Lease End
- rachel Webber
- Services
- -
-
$9.99
-
Lorem Ipsum
- -
-
- Health Care and Social Assistance
- -
-
$9.99
-
Lorem Ipsum
-
Jan 0000
UPMC, or the University of Pittsburgh Medical Center, is a leading integrated healthcare provider and insurer headquartered in Pittsburgh, Pennsylvania. Established in 1893, the organization operates a comprehensive network of hospitals, outpatient facilities, and physician practices, serving communities across Pennsylvania and beyond. UPMC combines clinical care with research and education through its affiliation with the University of Pittsburgh Schools of the Health Sciences. The system offers a wide range of services, including primary care, specialty care, advanced surgical procedures, and behavioral health programs. In addition to its healthcare delivery operations, UPMC runs a large health insurance division, providing coverage to millions of members. The organization is recognized for its focus on innovation, including the development of advanced telemedicine platforms and international healthcare partnerships. Privately held and structured as a nonprofit, UPMC continues to expand its reach through strategic acquisitions and partnerships, positioning itself as a major player in both regional and global healthcare markets.
| Tenant | Industry | SF Occupied | Rent/SF | Lease Type | Lease End | |
| rachel Webber | Services | - | $9.99 | Lorem Ipsum | - | |
|
|
Health Care and Social Assistance | - | $9.99 | Lorem Ipsum | Jan 0000 |
Space Availability
- Space
- Size
- Space Use
- Build-Out
- Available
Ground floor is approx. 3,600 SF. Entire building is available, for a total of 31,000 SF, subdividable by floor. Office space with large meeting rooms and kitchenettes on each floor.
Full first floor is approx. 10,000 SF. Entire building is available, for a total of 31,000 SF, subdividable by floor. Office space with large meeting rooms and kitchenettes on each floor.
Full second floor is approx. 10,000 SF. Entire building is available, for a total of 31,000 SF, subdividable by floor. Office space with large meeting rooms and kitchenettes on each floor.
Full third floor is approx. 5,061 SF. Entire building is available, for a total of 31,000 SF, subdividable by floor. Office space with large meeting rooms and kitchenettes on each floor.
| Space | Size | Space Use | Build-Out | Available |
| Ground | 3,600 SF | Office | - | May 2027 |
| 1st Floor | 10,000 SF | Office | Full Build-Out | May 2027 |
| 2nd Floor | 10,000 SF | Office | Full Build-Out | May 2027 |
| 3rd Floor | 5,061 SF | Office | Full Build-Out | May 2027 |
Ground
| Size |
| 3,600 SF |
| Space Use |
| Office |
| Build-Out |
| - |
| Available |
| May 2027 |
1st Floor
| Size |
| 10,000 SF |
| Space Use |
| Office |
| Build-Out |
| Full Build-Out |
| Available |
| May 2027 |
2nd Floor
| Size |
| 10,000 SF |
| Space Use |
| Office |
| Build-Out |
| Full Build-Out |
| Available |
| May 2027 |
3rd Floor
| Size |
| 5,061 SF |
| Space Use |
| Office |
| Build-Out |
| Full Build-Out |
| Available |
| May 2027 |
Ground
| Size | 3,600 SF |
| Space Use | Office |
| Build-Out | - |
| Available | May 2027 |
Ground floor is approx. 3,600 SF. Entire building is available, for a total of 31,000 SF, subdividable by floor. Office space with large meeting rooms and kitchenettes on each floor.
1st Floor
| Size | 10,000 SF |
| Space Use | Office |
| Build-Out | Full Build-Out |
| Available | May 2027 |
Full first floor is approx. 10,000 SF. Entire building is available, for a total of 31,000 SF, subdividable by floor. Office space with large meeting rooms and kitchenettes on each floor.
2nd Floor
| Size | 10,000 SF |
| Space Use | Office |
| Build-Out | Full Build-Out |
| Available | May 2027 |
Full second floor is approx. 10,000 SF. Entire building is available, for a total of 31,000 SF, subdividable by floor. Office space with large meeting rooms and kitchenettes on each floor.
3rd Floor
| Size | 5,061 SF |
| Space Use | Office |
| Build-Out | Full Build-Out |
| Available | May 2027 |
Full third floor is approx. 5,061 SF. Entire building is available, for a total of 31,000 SF, subdividable by floor. Office space with large meeting rooms and kitchenettes on each floor.
Property Taxes
| Parcel Numbers | Improvements Assessment | $2,241,400 | |
| Land Assessment | $550,200 | Total Assessment | $2,791,600 |
Property Taxes
Presented by
Champion Commons | 5231 Penn Ave
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