The Thompson Bldg 2140 Ardmore Blvd 16,373 SF 88% Leased Office Building Pittsburgh, PA 15221 $2,362,750 CAD ($144.31 CAD/SF) 8.25% Cap Rate

Zeustra Healthcare Real Estate Advisors is pleased to present the exclusive opportunity to acquire 2140 Ardmore Blvd in Pittsburgh, Pennsylvania—a 16,373
square foot medical & office building located in the Forest Hills neighborhood of Pittsburgh. Offered at $1,725,000, the property generates a net operating income
of $142,228, representing an attractive 8.25% capitalization rate and providing investors with stable in-place cash flow and long-term upside potential.
The property is currently 88% occupied and anchored by Allegheny Health Network, which occupies approximately 62.45% of the building and is backed by a
corporate guarantee from its parent company, Highmark Health—one of the largest integrated healthcare systems in the country, reporting approximately $32.4
billion in revenue in 2025. AHN maintains over six years of remaining lease term, offering investors durable income supported by strong institutional credit and
long-term commitment to the location.
The remaining primary tenancy is leased to a childcare services provider with approximately eight years of remaining lease term, further enhancing the stability of
the rent roll with another long-term occupant. Two additional auxiliary office tenants, each occupying 200 square feet, are currently on month-to-month leases
but have demonstrated longstanding tenancy at the property, providing near-term flexibility with historically consistent occupancy.
In addition to its stable in-place income, the asset offers meaningful upside through approximately 2,000 square feet of currently vacant space. This space has not
been actively marketed by ownership, presenting a clear opportunity for a new investor to lease-up and increase cash flow, further enhancing overall returns.
Positioned within the Forest Hills neighborhood, the property benefits from strong surrounding residential density, convenient access to key thoroughfares, and
proximity to everyday retail and community amenities. The combination of institutional tenancy anchored by AHN, long-term lease structures, and value-add
leasing potential positions this offering as a compelling opportunity for investors seeking both stability and growth.
Overall, 2140 Ardmore Blvd represents a well-located medical & office investment with strong credit tenancy, durable income, and embedded upside—offering
investors the opportunity to acquire a stabilized asset at an attractive basis with the ability to drive additional value through lease-up and active management.