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Office

OPM & UPMC Anchored Office | GSA Credit Tenants | Recent Lease

206 Spruce Dr, Slippery Rock, PA 16057

Listing Price: $1,112,447

Cap Rate
7.00%
Gross SF
6,681
Rentable SF
6,681
Price/Gross SF
$166.51
Lot Size
1.04 acres
Year Built
2004

Investment Overview

Marcus & Millichap is pleased to bring to market the three building office portfolio located in Slippery Rock, Pennsylvania.

Investment Highlights

  • Three Tenant Office Portfolio of Two Adjacent Buildings Featuring GSA Credit (AA+ S&P rating)
  • UPMC Recently Renewed its Lease for Five Years Including a 9.5 Percent Rent Bump in Year Four
  • OPM Renewed for 15 Years including Eight Years Firm with a 20.77 Percent Increase in Rent Starting in December 2022 then an Additional 13 Percent Rent Bump in Year Nine
  • Buildings Feature Large Parking Lots
  • Strategically Positioned Near Slippery Rock Plaza Shopping Center and Multiple Other Office Tenants
  • Giant Eagle Grocery Store Across from Property is Ranked in the 92nd Percentile Nationwide for Annual Visits -Placer.ai
  • Slippery Rock is 50 Miles North of Pittsburgh, Pennsylvania, and 35 Miles East of Youngstown, Ohio

Broker of Record

  • Sean Beuche

    Vice President/Regional Manager

    (215) 531-7000

    License(s) PA: RM424190

    Pennsylvania

Financing By

Office

OPM & UPMC Anchored Office | GSA Credit Tenants | Recent Lease

Listing Price: $1,112,447

Cap Rate
7.00%
Gross SF
6,681
Rentable SF
6,681
Price/Gross SF
$166.51
Lot Size
1.04 acres
Year Built
2004

Investment Highlights

  • Three Tenant Office Portfolio of Two Adjacent Buildings Featuring GSA Credit (AA+ S&P rating)
  • UPMC Recently Renewed its Lease for Five Years Including a 9.5 Percent Rent Bump in Year Four
  • OPM Renewed for 15 Years including Eight Years Firm with a 20.77 Percent Increase in Rent Starting in December 2022 then an Additional 13 Percent Rent Bump in Year Nine
  • Buildings Feature Large Parking Lots
  • Strategically Positioned Near Slippery Rock Plaza Shopping Center and Multiple Other Office Tenants
  • Giant Eagle Grocery Store Across from Property is Ranked in the 92nd Percentile Nationwide for Annual Visits -Placer.ai
  • Slippery Rock is 50 Miles North of Pittsburgh, Pennsylvania, and 35 Miles East of Youngstown, Ohio

Investment Overview

Marcus & Millichap is pleased to bring to market the three building office portfolio located in Slippery Rock, Pennsylvania.

Broker of Record

  • Sean Beuche

    Vice President/Regional Manager

    (215) 531-7000

    License(s): PA: RM424190

    Pennsylvania

Financing By

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