1-4 Kensington Square
New Kensington, PA 15068
 Kensington Square | Medical & Retail · Office Property For Sale

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INVESTMENT HIGHLIGHTS

  • 92% Occupied, 26,351 SF Four-Building Medical & Retail Offering in New Kensington, PA (Pittsburgh MSA)
  • DaVita (21% of GLA) is Leased thru July 2026; Over $1.2M Invested by Tenant in Build-Out with 8 Hemodialysis Stations; Large 13.6% Rent Increase i
  • Freestanding First National Bank (FNB) Branch Included in Sale – Separately Parceled w/ Strong Deposits of $63 Mil; Headquartered in Pittsburgh
  • Anchored by DaVita Kidney Care & Allegheny Health Network (AHN) (Combined 36% of GLA) – Prominent Multi-Billion Dollar Healthcare Organizations
  • Cheap/Replaceable Rents Averaging $11.57/SF Gross
  • Offers In-Place Year 1 Cash-on-Cash Return of 9.5% and Year 1 Total Return of 14.9% at 4.25% Interest Rate, 70% LTV Bank Financing Terms

PROPERTY FACTS

Property Type
Office
Property Subtype
Medical
Building Size
9,875 SF
Building Class
B
Year Built
1985
Percent Leased
92%
Tenancy
Multiple
Number of Floors
1
Typical Floor Size
9,875 SF
Building FAR
0.50
Lot Size
0.46 AC
Parking
15 Spaces (1.52 Spaces per 1,000 SF Leased)

PROPERTY TAXES

Parcel Numbers 24-03-15-0-529, 24-03-15-0-528, 24-03-15-0-530 Improvements Assessment £96,748
Land Assessment £25,886 Total Assessment £122,634

MAP

ADDITIONAL PHOTOS

View Photo Kensington Square - OM_Page_03
View Photo Kensington Square - OM_Page_06
View Photo Primary Photo

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