Newly Renovated Flex Space with Backup
For Sale
Contact for pricing
173 Industry Dr, Pittsburgh, PA 15108
Newly renovated flex/office space features a 350 kW backup generator for continuity-critical operations.
Property Size71,000 SF
Price / SF$100
Days on Market150
Property Features for 173 Industry Dr
General Information
Standard status
Active
Size
71,000 SF
Total Parking Spaces
355
Property subtype
OFFICE
Warehouse & Industrial
Clear Height
21 ft
Column Spacing
30 x 30 ft
Additional Details
Floor
1
Highway Access
Yes
Amenities
back-up generator
Listing Agency:
Colliers | Pittsburgh
(412) 638-1753
Listed By:
John Bilyak, SIOR, CCIM
(412) 638-1753
Source:
Moodyscre
Added: Mar 2
Changed: Jul 30
Last Checked: Jul 30 at 10:36AM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Colliers | Pittsburgh
Investment Insights
Based on property information with market context.
This newly renovated flex/office space offers flexible, white-walled open floor plates designed for custom-designed office configurations. The property includes a 350 kW back-up generator, 21'± clear heights on portions of the 1st floor, and 30' column spacing, supporting a range of light industrial and office uses. Parking is available with 355 spots.
Conveniently located just 5 minutes to I-376, the location provides access to Pittsburgh International Airport in 13 minutes and downtown Pittsburgh in 25 minutes. The property is positioned in a business park setting with multiple medical and technology-based corporate neighbors, along with nearby national retailers, dining options, fitness centers, and hospitality options reachable in 10 minutes or less.
With a 71,000 SF building size, this flex configuration can support businesses looking for an adaptable interior layout paired with continuity power and on-site parking.
Conveniently located just 5 minutes to I-376, the location provides access to Pittsburgh International Airport in 13 minutes and downtown Pittsburgh in 25 minutes. The property is positioned in a business park setting with multiple medical and technology-based corporate neighbors, along with nearby national retailers, dining options, fitness centers, and hospitality options reachable in 10 minutes or less.
With a 71,000 SF building size, this flex configuration can support businesses looking for an adaptable interior layout paired with continuity power and on-site parking.
Key Highlights
- 350 kW back‑up generator
- 21'± clear heights on portions of the 1st floor
- 30' column spacing
Financial Insights For Flex RnD
Simulate Cap Rate and NOI
NOI Build-Up
- Vacancy
- income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
- EGI (Effective Gross Income)
- gross rent minus vacancy losses — the realistic income before paying operating costs.
- OpEx (Operating Expenses)
- recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
- NOI (Net Operating Income)
- income a property generates after operating costs but before financing and taxes.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $681.6k | $9.60 |
| − Vacancy | −$40.9k | −$0.58 |
| EGI | $640.7k | $9.02 |
| − OpEx | −$224.2k | −$3.16 |
| NOI | $416.5k | $5.87 |
71,000 SF · lease $9.60/SF/yr · vacancy 6.00% · expense 35.00%
Alternative Uses
Best Use
Office B
$12.96M
$11.34M – $15.12M
NOI $906,997 @ 7.0% cap · market cap 12.77%
Second Best
Flex RnD
$5.95M
$5.21M – $6.94M
NOI $416,458 @ 7.0% cap · market cap 5.87%
Theoretical Best
Office A
$22.61M
$19.79M – $26.38M
NOI $1,582,839 @ 7.0% cap · market cap 22.29%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Current Use
Lease Details
21 ft
Clear height
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
152
Businesses Nearby
Under-served
Demand for This Use
Explore this area
Business Placement
Demographics for 15108, PA
43,422
Population
18,179
Households
2.4
Avg Household Size
40
Median Age
47%
College-Educated
96%
High-School Grad
39.5 sq mi
ZIP Area
1,099
Density / Sq Mi
$94,703
Median Household Income
$52,327
Median Earnings
$1,161
Median Rent
$255,200
Median Home Value
Market
Vacancy Rate% for Office in Pittsburgh, PA
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Flex space - Newly renovated flex/office space features a 350 kW backup generator for continuity-critical operations.
Where is this flex space located?
The property is located at 173 Industry Dr Pittsburgh, PA.
What is the asking price?
The asking price for this property is $7,100,000.
What are key features of this property?
This property features: 350 kW back‑up generator; 21'± clear heights on portions of the 1st floor; 30' column spacing
