5231 Penn Avenue

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5231 Penn Avenue

Pittsburgh, PA 15224
Asking Price
$5.00M
Asset Type
Traditional Office Office
Class
Class B

What's Special

East End Office Building For Sale or Lease | 31,000 SF <p><strong>Development Potential</strong></p><ul><li>​Existing building has a large light well, 16’ ceilings, and exposed wood beams; attributes that benefit a residential redevelopment</li><li>​The site totals 0.98 acres, allowing for generous parking or site (re)development</li></ul><p></p><p><strong>Proximate to stable economic drivers: </strong></p><ul><li>​UPMC Children’s Hospital: 313 staffed beds with $3.8 billion of patient revenue</li><li>​The Children’s Home of Pittsburgh: 30-bed pedia

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NOI
$80,000
Cap Rate
1.60%
DSCR
0.27
Underwater
Cash-on-Cash
-14.45%
Monthly Payment
$24,712.535
Annual Cash Flow
$-216,550.416

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