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West Penn Hospital Addition

Off-Market

SWC Friendship Avenue & South Milvale Avenue, Pittsburgh, PA 15213

This property is off-market. Unlock in-depth property data and market insights by signing up to CommercialEdge.

  • Property Type Office - Medical Office
  • Property Size 350,000 SF
  • Lot Size 7.52 Acre
  • Parking Spaces Avail. 700
  • Parking Ratio 2.00/ 1,000 SF
  • Property Tenancy Owner Occupied

Location

  • City Pittsburgh, PA
  • Neighborhood Bloomfield
  • Zip Code 15213
  • Market Pittsburgh

Contacts

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Owner

  • True Owner
  • Registered Owner

Brokers

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Documents

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Sales

  • Purchase Price
  • Arm's Length True
  • Buyer Name

Market Trends

Average Actual Rents in Pittsburgh

Average rents use actual signed leases, aggregated for your specific search area and asset type with Yardi Market Insight. Be confident your price is competitive, with CommercialEdge.

Current Average Rent
Net Rent
$44.3/SF/YR
Recoverables Show detailsHide details
$16.7/SF/YR
CAM
$3.54/SF/YR
Insurance
$0.59/SF/YR
Taxes
$9.52/SF/YR
Utilities
$1.76/SF/YR
Management Fees
$1.3/SF/YR
Total Rent
$61/SF/YR
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Occupancy & Leasing Activity
Occupancy
83.5%
Lease Spread
-20.5%
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Asking Rents in Pittsburgh Office Market

Office rental rates are based on aggregated data of asking rates.

  • 2020 Avg. Asking Rent $25.41
  • 2020 Office Vacancy Rate 15.47%
  • 2020 Office Completions (SF) 1,157,586

Pittsburgh Office Sales Trends

All sale prices are based on publicly recorded, verified sales.

  • 2020 Avg. Price per SF $74.93
  • Y-o-Y Avg. PpSF Change -35.17%
  • 2020 Office Sales Volume $12.8M
  • 2020 Number of Transactions 3

Tax

  • Property Tax in 2022 $9,844
  • Market Value* $432,900
  • Assessed Value $432,900

Find more tax info, including assessment history and abatements, on CommercialEdge

*The displayed market value represents the assessed value determined by the appropriate local tax/financial authority. It is not the property’s latest sale price or a current market value based on recent area sales.

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