Net Lease Portfolio Sale
This feature is unavailable at the moment.
We apologize, but the feature you are trying to access is currently unavailable. We are aware of this issue and our team is working hard to resolve the matter.
Please check back in a few minutes. We apologize for the inconvenience.
- LoopNet Team
thank you
Your email has been sent!
Net Lease Portfolio Sale
3 Properties Offered at £17,800,738 in Multiple Locations
Investment Highlights
- Net lease investment opportunity to purchase a portfolio of office properties 100% leased to GAI Engineering Consultants.
- Rent Increases: 1.5% rent increase every year. Additional Rent Increase: Every three years there is an additional CPI increase
- Absolute NNN leases relieving landlords of management burden.with 8.5 + years remaining on the primary term, plus options,
- Tenant funded substantial capital reserve account to insure the property is well maintained throughout the lease term.
Executive Summary
Venture into the Western Pennsylvania market with this noteworthy investment opportunity to own a three-building, net leased portfolio in the Pittsburgh MSA and DuBois areas. The portfolio is comprised of three office properties all leased to top-tier tenant GAI Engineering Consultants. Investors will benefit from substantial remaining lease term, established communities, and proximity to Pittsburgh's prominent economic hub.
385 & 395 East Waterfront Drive in Homestead totals 94,959 square feet across two buildings in a thriving suburban environment. Each mid-rise building features Class A office space with spacious parking lots and expansive windows allowing for abundant natural lighting and sweeping views of the Monongahela River. Situated in a lively live-work-play community, 385 & 395 East Waterfront Drive is surrounded by various restaurants, retailers, and walking trails along the river. The Waterfront shopping center, multi-family units, and residential neighborhoods are also near the property.
203 West Weber Avenue in DuBois is a well-maintained, two-story office with warehouse comprised of 18,344 square feet, boasting ample on-site parking and flexible floor plans. The property is incredibly accessible, with Route 219 just minutes away, providing a seamless connection to Interstate 80. Within walking distance are numerous local eateries and shops. DuBois is the most populous community in Clearfield County, dominating state rankings with the presence of State College. Access to a deep talent pool from the surrounding residential areas and higher education establishments attracted tenants to this area.
1% commission to selling broker
For more information, contact Dennis Danielian or Jesse Goldstein at 650-598-0555 or tci@tciproperties.com. PA residents and property owners contact ParaSell, Inc. for additional information. PA Broker of Record is Scott Reid from ParaSell Inc.
385 & 395 East Waterfront Drive in Homestead totals 94,959 square feet across two buildings in a thriving suburban environment. Each mid-rise building features Class A office space with spacious parking lots and expansive windows allowing for abundant natural lighting and sweeping views of the Monongahela River. Situated in a lively live-work-play community, 385 & 395 East Waterfront Drive is surrounded by various restaurants, retailers, and walking trails along the river. The Waterfront shopping center, multi-family units, and residential neighborhoods are also near the property.
203 West Weber Avenue in DuBois is a well-maintained, two-story office with warehouse comprised of 18,344 square feet, boasting ample on-site parking and flexible floor plans. The property is incredibly accessible, with Route 219 just minutes away, providing a seamless connection to Interstate 80. Within walking distance are numerous local eateries and shops. DuBois is the most populous community in Clearfield County, dominating state rankings with the presence of State College. Access to a deep talent pool from the surrounding residential areas and higher education establishments attracted tenants to this area.
1% commission to selling broker
For more information, contact Dennis Danielian or Jesse Goldstein at 650-598-0555 or tci@tciproperties.com. PA residents and property owners contact ParaSell, Inc. for additional information. PA Broker of Record is Scott Reid from ParaSell Inc.
Data Room Click Here to Access
Property Facts
| Price | £17,800,738 | Number of Properties | 3 |
| Price / SF | £157.11 / SF | Individually For Sale | 0 |
| Net Initial Yield | 7.50% | Total Building Size | 113,303 SF |
| Sale Type | Investment NNN | Total Land Area | 7.28 AC |
| Status | Active |
| Price | £17,800,738 |
| Price / SF | £157.11 / SF |
| Net Initial Yield | 7.50% |
| Sale Type | Investment NNN |
| Status | Active |
| Number of Properties | 3 |
| Individually For Sale | 0 |
| Total Building Size | 113,303 SF |
| Total Land Area | 7.28 AC |
Properties
| Property Name / Address | Property Type | Size | Year Built | Individual Price |
|---|---|---|---|---|
| 203 W Weber Ave, Du Bois, PA 15801 | Light Industrial | 18,344 SF | 1940 | - |
| 385 E Waterfront Dr, Homestead, PA 15120 | Office | 74,758 SF | 2003 | - |
| 395 E Waterfront Dr, Homestead, PA 15120 | Office | 20,201 SF | 2003 | - |
1 of 27
VIDEOS
3D TOUR
PHOTOS
STREET VIEW
STREET
MAP
Presented by
Net Lease Portfolio Sale
Already a member? Log In
Hmm, there seems to have been an error sending your message. Please try again.
Thanks! Your message was sent.