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PNC Bank 901 State St 97,204 SF Office Building Erie, PA 16501 For Sale
Investment Highlights
- Approximately $1 billion in deposits
- Regional headquarter housing multiple PNC divisions
- Covered parking
- Position in Erie's Central Business District - flagship location
- Adjacent to Erie Insurance headquarters, Gannon University, UPMC Hospital, and local governmental offices
Executive Summary
Investment grade opportunity. True NNN. Current Lease term expires July 31, 2029 with potential 4 additional 5-year options through 2049 with 2% annual increases.
Property Facts
Sale Type
Investment
Property Type
Building Size
97,204 SF
Building Class
B
Year Built/Renovated
1911/1968
NOI
$1,060,719 CAD
Tenancy
Single
Building Height
8 Stories
Typical Floor Size
12,151 SF
Building FAR
3.01
Lot Size
0.74 AC
Opportunity Zone
Yes
Zoning
Central Commercial - Central Business District
Parking
70 Spaces (0.72 Spaces per 1,000 SF Leased)
Amenities
- Banking
- Bus Line
- Signage
Major Tenants Click Here to Access
- Tenant
- Industry
- SF Occupied
- Rent/SF
- Lease Type
- Lease End
-
- Finance and Insurance
- -
-
$9.99
-
Lorem Ipsum
-
Jan 0000
PNC Bank has origins dating back to 1852 with the founding of Pittsburgh Trust and Savings Company. It became PNC Financial Corporation in 1983 through a merger. The company has since grown through various mergers and acquisitions. PNC Bank operates as a diversified financial institution offering services like retail banking, corporate banking, and wealth management. It serves millions of customers and has a significant presence in many U.S. markets.
| Tenant | Industry | SF Occupied | Rent/SF | Lease Type | Lease End | |
|
|
Finance and Insurance | - | $9.99 | Lorem Ipsum | Jan 0000 |
1 1
Walk Score®
Very Walkable (89)
Property Taxes
| Parcel Number | 15-020-001.0-108.00 | Improvements Assessment | $12,203,907 CAD |
| Land Assessment | $439,501 CAD | Total Assessment | $12,643,407 CAD |
Property Taxes
Parcel Number
15-020-001.0-108.00
Land Assessment
$439,501 CAD
Improvements Assessment
$12,203,907 CAD
Total Assessment
$12,643,407 CAD
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PNC Bank | 901 State St
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