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120 Cecil Pl 121,000 SF 84% Leased Office Building Pittsburgh, PA 15222 For Sale
EXECUTIVE SUMMARY
CALL FOR OFFERS DEADLINE IS FRIDAY APRIL 22, 2022. BID INSTRUCTIONS ATTACHED. Colliers and JLL are pleased to present for sale the Pittsburgh Allegheny County Thermal (PACT) steam power generation facility in Pittsburgh’s Central Business District. Located at 120 Cecil Place, Pittsburgh, PA 15222, the buildings measures approximately 121,000 square feet and is situated on a .82 acre parcel. This offering is “unpriced”, and shall be determined by the market. Possible uses include: apartments; condos; office space; self storage; wet lab space; other special uses; institutional uses; or vacant land play. The zoning classification is Golden Triangle l GT-C. The location is very desirable, as it overlooks the Allegheny River, PNC Park, and the popular North Shore mixed use developments. The University of Pittsburgh and Carnegie Mellon University are less than 15 minutes and 3.5 miles from the site, while Pittsburgh International Airport is less than 30 minutes
and 18 miles from 120 Cecil Place. This offering is for the sale of the real estate only, and does not include any off-site utility tunnels owned by PACT. Tours of the building are by
private appointment only.
• Two (2) buildings totaling 121,000 SF on a .82 acre (35,560 SF) site
• Building is currently being used as a Steam Power Generation Facility
• Prime location overlooking the Allegheny River, PNC Park, and the famed North Shore mixed-use developments
• GT-C zoning (Golden Triangle)
• This offering is for the sale of the real estate only, and does not include any off-site utility tunnels owned by PACT
• Possible uses include: apartments; condos; loft office; self storage; wet lab space; special uses; vacant land play; institutional
• Existing parking spaces for 12 vehicles
• All public utilities
• FEMA Flood Map #42003C0334H
• Frontage on Fort Duquesne Boulevard overlooking the Allegheny River, PNC Park, and the North Shore
• Two (2) active Underground Storage Tanks on the site
• Dual electrical fees from Duquesne Light Company
and 18 miles from 120 Cecil Place. This offering is for the sale of the real estate only, and does not include any off-site utility tunnels owned by PACT. Tours of the building are by
private appointment only.
• Two (2) buildings totaling 121,000 SF on a .82 acre (35,560 SF) site
• Building is currently being used as a Steam Power Generation Facility
• Prime location overlooking the Allegheny River, PNC Park, and the famed North Shore mixed-use developments
• GT-C zoning (Golden Triangle)
• This offering is for the sale of the real estate only, and does not include any off-site utility tunnels owned by PACT
• Possible uses include: apartments; condos; loft office; self storage; wet lab space; special uses; vacant land play; institutional
• Existing parking spaces for 12 vehicles
• All public utilities
• FEMA Flood Map #42003C0334H
• Frontage on Fort Duquesne Boulevard overlooking the Allegheny River, PNC Park, and the North Shore
• Two (2) active Underground Storage Tanks on the site
• Dual electrical fees from Duquesne Light Company
FINANCIAL SUMMARY (ACTUAL - 2020) |
ANNUAL (CAD) | ANNUAL PER SF (CAD) |
|---|---|---|
| Taxes |
$57,233
|
$0.47
|
| Operating Expenses |
-
|
-
|
| Total Expenses |
$57,233
|
$0.47
|
FINANCIAL SUMMARY (ACTUAL - 2020)
| Taxes (CAD) | |
|---|---|
| Annual | $57,233 |
| Annual Per SF | $0.47 |
| Operating Expenses (CAD) | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Total Expenses (CAD) | |
|---|---|
| Annual | $57,233 |
| Annual Per SF | $0.47 |
PROPERTY FACTS
Sale Type
Investment or Owner User
Sale Condition
Redevelopment Project
Property Type
Office
Property Subtype
Building Size
121,000 SF
Building Class
C
Year Built
1917
Percent Leased
84%
Building Height
10 Stories
Typical Floor Size
10,000 SF
Building FAR
3.39
Lot Size
0.82 AC
Zoning
GT-C - Golden Triangle - C
Parking
12 Spaces (0.1 Spaces per 1,000 SF Leased)
Walk Score®
Walker's Paradise (99)
Transit Score®
Rider's Paradise (93)
Bike Score®
Very Bikeable (84)
PROPERTY TAXES
| Parcel Number | 0008-R-00001-0000-00 | Total Assessment | $561,740 CAD (2025) |
| Land Assessment | $165,713 CAD (2025) | Annual Taxes | $57,233 CAD ($0.47 CAD/SF) |
| Improvements Assessment | $396,027 CAD (2025) | Tax Year | 2020 |
PROPERTY TAXES
Parcel Number
0008-R-00001-0000-00
Land Assessment
$165,713 CAD (2025)
Improvements Assessment
$396,027 CAD (2025)
Total Assessment
$561,740 CAD (2025)
Annual Taxes
$57,233 CAD ($0.47 CAD/SF)
Tax Year
2020
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120 Cecil Pl
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