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Single-Tenant Office Medical

UPMC Neurology - Monaca, PA

3452 Brodhead Rd, Monaca, PA 15061

Listing Price: $925,000

Cap Rate
9.49%
Tenant Name
UPMC
Years Remaining On Lease
1.2
Guarantor
Corporate Guarantee
Rentable SF
6,402
Lease Type
Triple Net (NNN)
Rent Per Square Feet
$13.71

Investment Overview

Proximity to UPMC Passavant Hospital
-
400+ Medical Staff | 22+ Medical Specialties

Annual Rental Increases | One Five-Year Option
- UPMC has 3% Increases Every Year | 2% Annual in Option

Significant Recent CapEx Upgrades
-
New HVAC Units Installed in 2021/2022
-
Roof Replaced in 2017 with Transferable Warranty

Investment Highlights

  • Lease Corporately Guaranteed by UPMC - S&P Global Ratings assigned its 'A' Rating to University of Pittsburgh Medical Center's (UPMC) in March 2023
  • 25+ Year Historical Occupancy - Neurology/Headache Treatment Center Since 1999
  • NNN Lease with Limited LL Responsibilities - Passive Ownership Structure

Broker of Record

  • Timothy B. Stephenson Jr.

    Regional Manager

    (215) 531-7000

    License(s) PA: RMR006104

    Pennsylvania

Financing By

Single-Tenant Office Medical

UPMC Neurology - Monaca, PA

Listing Price: $925,000

Cap Rate
9.49%
Tenant Name
UPMC
Years Remaining On Lease
1.2
Guarantor
Corporate Guarantee
Rentable SF
6,402
Lease Type
Triple Net (NNN)
Rent Per Square Feet
$13.71

Investment Highlights

  • Lease Corporately Guaranteed by UPMC - S&P Global Ratings assigned its 'A' Rating to University of Pittsburgh Medical Center's (UPMC) in March 2023
  • 25+ Year Historical Occupancy - Neurology/Headache Treatment Center Since 1999
  • NNN Lease with Limited LL Responsibilities - Passive Ownership Structure

Investment Overview

Proximity to UPMC Passavant Hospital - 400+ Medical Staff | 22+ Medical Specialties Annual Rental Increases | One Five-Year Option - UPMC has 3% Increases Every Year | 2% Annual in Option Significant Recent CapEx Upgrades - New HVAC Units Installed in 2021/2022 - Roof Replaced in 2017 with Transferable Warranty

Broker of Record

  • Timothy B. Stephenson Jr.

    Regional Manager

    (215) 531-7000

    License(s): PA: RMR006104

    Pennsylvania

Financing By

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