Healthcare    

New Castle Medical Office Building

 New Castle, Pennsylvania 

Asking Price

$13,253,000

Cap Rate

7.25%

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Property Use

Over 80% Medical

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Building RBA

55,183 SF

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Occupancy

100%

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Year Built | Reno

1972 | 2022

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Land Size

3.03 AC

For more details on this exclusive listing

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INVESTMENT HIGHLIGHTS

  • STRONG ANCHOR TENANT - University of Pittsburgh Medical Center (UPMC) features an investment grade credit rating of A2 (Moody's).
  • EXCELLENT MEDICAL TENANTS - Over 80% of the Property is occupied by a medical tenant.
  • RECENTLY RENOVATED - Recent improvements include resurfacing the parking lot, and entryway & common area refreshes.
  • SUPERIOR VISIBILITY & TRAFFIC COUNTS - Positioned along the main thoroughfare (14,531 VPD), neighboring a fully occupied shopping center, business park and supermarket.
  • 100% LEASED - Twenty-four (24) diverse medical & office mix tenants.

Exclusively Listed By

Asher Wenig

Senior Vice President
  newcastlepa@northmarq.com   
PA Lic # ABR004406

Northmarq

120 W 45th St | Suite 2610
New York City, NY 10036


northmarq.com