Medical & Office
For Sale
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2140 ARDMORE BLVD, Pittsburgh, PA 15221
A 16,373-square-foot medical and office building anchored by Allegheny Health Network and 88% occupied.
Property Size16,373 SF
Price / SF$105.36
Days on Market99
Property Features for 2140 ARDMORE BLVD
General Information
Standard status
Active
Size
16,373 SF
Property subtype
Office
Occupancy
88%
Additional Details
Cap Rate
8.25%
Building Details
Tenancy
Multi
Listing Agency:
Zeustra Inc
Listed By:
Nick Myers · License #PA RS322215
Source:
Crexi
Added: Apr 24
Changed: Jul 23
Last Checked: Jul 24 at 5:50PM
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 Zeustra Inc
Investment Insights
Based on property information with market context.
2140 Ardmore Blvd is a 16,373-square-foot medical and office building currently 88% occupied. Allegheny Health Network is the primary anchor tenant, occupying approximately 62.45% of the building and supported by a corporate guarantee from Highmark Health. Primary lease term remaining is listed as more than six years for AHN.
A childcare services provider comprises the remaining primary tenancy with approximately eight years of lease term. Two additional auxiliary office tenants are on month-to-month leases and each occupies about 200 square feet, with longstanding tenancy history.
The property also includes approximately 2,000 square feet of currently vacant space that has not been actively marketed by ownership. This provides an opportunity for lease-up to support potential income growth alongside the existing in-place cash flow.
A childcare services provider comprises the remaining primary tenancy with approximately eight years of lease term. Two additional auxiliary office tenants are on month-to-month leases and each occupies about 200 square feet, with longstanding tenancy history.
The property also includes approximately 2,000 square feet of currently vacant space that has not been actively marketed by ownership. This provides an opportunity for lease-up to support potential income growth alongside the existing in-place cash flow.
Key Highlights
- 16,373 SF medical & office building in Pittsburgh’s Forest Hills neighborhood
- Currently 88% occupied, anchored by Allegheny Health Network (AHN) occupying ~62.45% of the building
- AHN lease term includes 6+ years remaining and is backed by a corporate guarantee from Highmark Health
Property Analytics
Current Use
Lease Details
88%
Occupancy
Multi-tenant
Tenancy
Location Intelligence
Trade Area within ½ mile
569
Businesses Nearby
Explore this area
Business Placement
Demographics for 15221, PA
28,913
Population
17,621
Households
1.6
Avg Household Size
42
Median Age
42%
College-Educated
95%
High-School Grad
6.2 sq mi
ZIP Area
4,663
Density / Sq Mi
$55,241
Median Household Income
$42,411
Median Earnings
$954
Median Rent
$157,100
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?
Medical center - A 16,373-square-foot medical and office building anchored by Allegheny Health Network and 88% occupied.
Where is this medical center located?
The property is located at 2140 ARDMORE BLVD Pittsburgh, PA.
What is the asking price?
The asking price for this property is $1,725,000.
What are key features of this property?
This property features: 16,373 SF medical & office building in Pittsburgh’s Forest Hills neighborhood; Currently 88% occupied, anchored by Allegheny Health Network (AHN) occupying ~62.45% of the building; AHN lease term includes 6+ years remaining and is backed by a corporate guarantee from Highmark Health
