Log In/Sign Up
Your email has been sent.
North Pittsburgh Sports Complex 1035 Executive Dr 36,000 SF 100% Leased Industrial Building Gibsonia, PA 15044 $5,368,825 CAD ($149.13 CAD/SF) 7.50% Cap Rate
Investment Highlights
- Long-Term Tenancy: Tenant in place since 2016 and recently exercised a renewal option extending the lease through 2031 with 2.75% annual rent increase
- Tight Industrial Market: 3% vacancy rate with positive absorption and limited new supply in the Pittsburgh Northeast Submarket
- Well-Maintained Property: Constructed in 2004 and renovated in 2016 with recent upgrades to HVAC, electrical, and building systems
- Proximity to Pittsburgh MSA: ±16 miles north of Downtown Pittsburgh with immediate access to William Flynn Highway and the PA Turnpike (Exit 39)
- Functional Industrial Asset: ±36,000 SF industrial/flex building with 21'-30' clear heights and one (1) 14' x 13' drive-in door
- Ample Parking: 50 paved parking spaces
Executive Summary
Strong National Tenant: BMS CAT, a disaster restoration company with 35+ locations nationwide
Property Facts
| Price | $5,368,825 CAD | Lot Size | 3.80 AC |
| Price Per SF | $149.13 CAD | Rentable Building Area | 36,000 SF |
| Sale Type | Investment | No. Stories | 1 |
| Cap Rate | 7.50% | Year Built | 1950 |
| Property Type | Industrial | Parking Ratio | 1.29/1,000 SF |
| Building Class | B | Clear Ceiling Height | 14’ |
| Zoning | Light Industrial | ||
| Price | $5,368,825 CAD |
| Price Per SF | $149.13 CAD |
| Sale Type | Investment |
| Cap Rate | 7.50% |
| Property Type | Industrial |
| Building Class | B |
| Lot Size | 3.80 AC |
| Rentable Building Area | 36,000 SF |
| No. Stories | 1 |
| Year Built | 1950 |
| Parking Ratio | 1.29/1,000 SF |
| Clear Ceiling Height | 14’ |
| Zoning | Light Industrial |
1 1
Fairly walkable
40/100
Exceptionally drivable
100/100
Fairly bikeable
40/100
Property Taxes
| Parcel Number | 1505-S-00100-0000-00 | Improvements Assessment | $1,713,143 CAD |
| Land Assessment | $376,794 CAD | Total Assessment | $2,089,937 CAD |
Property Taxes
Parcel Number
1505-S-00100-0000-00
Land Assessment
$376,794 CAD
Improvements Assessment
$1,713,143 CAD
Total Assessment
$2,089,937 CAD
1 of 17
Videos
Matterport 3D Exterior
Matterport 3D Tour
Photos
Street View
Street
Map
1 of 1
Presented by
North Pittsburgh Sports Complex | 1035 Executive Dr
Already a member? Log In
Hmm, there seems to have been an error sending your message. Please try again.
Thanks! Your message was sent.