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Valley Vet Animal Hospital 853 Falcon Park Rd 11,523 SF Office Building New Kensington, PA 15068 $3,031,769 ($263.11/SF) 8.75% Cap Rate
Investment Highlights
- Highway Proximity: The property is conveniently located near PA-56 and PA-366, providing easy access to major highways
- Nearby Retail: Located near prominent retailers, including Walmart Supercenter, Giant Eagle, and Home Depot
- Recession Resistant Property: Veterinary hospitals are extremely sought-after investments for their resistance to downturns in the economy
- Surrounding Medical Offices: The vicinity features a variety of healthcare providers, including medical and veterinary offices
- Tenant Investment in Location: Pet hospitals rarely relocate due to difficulty retaining the same patients in a new location
- Very Passive Lease Structure: There are minimal landlord responsibilities throughout the lease term, offering a passive investment
Executive Summary
Kyle Matthews
License # RM423998, RB068831 (PA)
Matthews Real Estate Investment Services, Inc
1600 West End Ave, Ste. 1500 Nashville, TN 37203
(866) 889-0550
License # RM423998, RB068831 (PA)
Matthews Real Estate Investment Services, Inc
1600 West End Ave, Ste. 1500 Nashville, TN 37203
(866) 889-0550
Property Facts
Sale Type
Investment
Property Type
Office
Building Size
11,523 SF
Building Class
B
Year Built
2007
Price
$3,031,769
Price Per SF
$263.11
Cap Rate
8.75%
NOI
$265,280
Tenancy
Single
Building Height
1 Story
Typical Floor Size
11,523 SF
Building FAR
0.03
Lot Size
10.20 AC
1 1
Somewhat walkable
30/100
Exceptionally drivable
100/100
Not bikeable
10/100
Property Taxes
| Parcel Number | 17-05-00-0-001 | Improvements Assessment | $146,090 |
| Land Assessment | $11,450 | Total Assessment | $157,540 |
Property Taxes
Parcel Number
17-05-00-0-001
Land Assessment
$11,450
Improvements Assessment
$146,090
Total Assessment
$157,540
Contacts
-
Andrew Evans -
Michael Moreno -
Rahul Chhajed -
Matthews Real Estate Investment Services
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Valley Vet Animal Hospital | 853 Falcon Park Rd
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