Single-Tenant Office
Single Tenant GSA | Department of Defense | Slippery Rock, PA
131 Rebecca Ln, Slippery Rock, PA 16057
Listing Price: $6,029,160
Cap Rate
7.50%
Gross SF
25,300
Rentable SF
25,300
Price/Gross SF
$238.31
Lot Size
4.70 acres
Year Built
2009
Investment Overview
Marcus & Millichap is pleased to bring to market a GSA Office Building located in Slippery Rock, PA.
Single Tenant GSA | Department of Defense | Slippery Rock, PA
Investment Highlights
- 25,300-Sq. Ft. Office Building in Slippery Rock, PA | Lease is Guaranteed by GSA (U.S. Government credit, AA+ S&P)
- Occupied by The Dept. of Defense's Defense Counterintelligence and Security Agency and Office of Personnel Management, Operating Under One Lease
- 2009 Construction With Renovations in 2024 After a Recent Lease Renewal
- 31.75% Rental Increase at Renewal in September 2024, With an Additional 10% Increase in Shell Rent in Year 6
- Property Features Private Entryway With Large Parking Lot On a +/-4.70 AC Lot | Adjacent to Grocery Store Anchored Shopping Plaza With Multiple Restaurant and Service Tenants
- 1 Mile From Downtown Slippery Rock and Slippery Rock University, a Public University With 9,000+ Students and Staff and NCAA Division II Athletics | 9 Miles From Iron Mountain Secure Information Storage Facility and OPM Retirement Office, a 1,200-AC Former Limestone Mine 200+ Feet Underground | 900+ Full Time Employees
- Strong Demographics: Daytime Population Exceeds 19,600 Within 5-Miles | Average Household Incomes of $80,000+ Within 1-Mile | Slippery Rock is included in the Greater Pittsburgh Metropolitan Area, 45 Miles From Downtown Pittsburgh
Broker of Record
Financing By
Single-Tenant Office
Single Tenant GSA | Department of Defense | Slippery Rock, PA
Listing Price: $6,029,160
Cap Rate
7.50%
Gross SF
25,300
Rentable SF
25,300
Price/Gross SF
$238.31
Lot Size
4.70 acres
Year Built
2009
Investment Highlights
- 25,300-Sq. Ft. Office Building in Slippery Rock, PA | Lease is Guaranteed by GSA (U.S. Government credit, AA+ S&P)
- Occupied by The Dept. of Defense's Defense Counterintelligence and Security Agency and Office of Personnel Management, Operating Under One Lease
- 2009 Construction With Renovations in 2024 After a Recent Lease Renewal
- 31.75% Rental Increase at Renewal in September 2024, With an Additional 10% Increase in Shell Rent in Year 6
- Property Features Private Entryway With Large Parking Lot On a +/-4.70 AC Lot | Adjacent to Grocery Store Anchored Shopping Plaza With Multiple Restaurant and Service Tenants
- 1 Mile From Downtown Slippery Rock and Slippery Rock University, a Public University With 9,000+ Students and Staff and NCAA Division II Athletics | 9 Miles From Iron Mountain Secure Information Storage Facility and OPM Retirement Office, a 1,200-AC Former Limestone Mine 200+ Feet Underground | 900+ Full Time Employees
- Strong Demographics: Daytime Population Exceeds 19,600 Within 5-Miles | Average Household Incomes of $80,000+ Within 1-Mile | Slippery Rock is included in the Greater Pittsburgh Metropolitan Area, 45 Miles From Downtown Pittsburgh
Investment Overview
Marcus & Millichap is pleased to bring to market a GSA Office Building located in Slippery Rock, PA.
Broker of Record
Financing By
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