Outpatient Medical Office
3124 WILMINGTON RD New Castle, PA 16105
3124 WILMINGTON RD, New Castle, PA, 16105
Contact for pricing
For Sale
Contact for pricing
Anchored outpatient facility with built-out suites and in-place UPMC and Allegheny Health Network medical services.
Property Size40,059 SF
Price / SF$99.85
Days on Market57
Property Features for 3124 WILMINGTON RD
General Information
- Standard status
- Active
- Size
- 40,059 SF
- Property subtype
- Office
Building Details
- Year Built
- 2011
Listing agency
Zeustra Inc
Listed by
Nick Myers · License #PA RS322215
Source
Crexi
Added: May 27 Updated: Jul 10 at 1:50PM Checked: Jul 21 at 1:53PM
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.
Mayzon Health Center is an outpatient medical office building offered for sale, featuring substantially built-out space designed for medical use. The property is currently 79% occupied and includes tenant space supporting a range of clinical services.
The building is anchored by two dominant regional healthcare systems, UPMC and Allegheny Health Network (AHN), which together occupy approximately 47% of the facility. UPMC occupies approximately 27% of the building, including community medicine and cardiology services, and most recently expanded by approximately 2,600 square feet while executing a new 5-year lease term for ENT services. AHN Cancer Institute occupies approximately 20% of the property and operates an outpatient oncology platform that includes medical oncology, infusion therapy, immunotherapy, and coordinated cancer care.
Strategically located approximately 2.5 miles from UPMC Jameson, the center is positioned to support regional outpatient care needs within a healthcare corridor. With medical suites already built out for clinical operations, the property offers prospective tenants a more functional, turnkey starting point while maintaining durable in-place income from major healthcare providers and additional space available for lease-up.
The building is anchored by two dominant regional healthcare systems, UPMC and Allegheny Health Network (AHN), which together occupy approximately 47% of the facility. UPMC occupies approximately 27% of the building, including community medicine and cardiology services, and most recently expanded by approximately 2,600 square feet while executing a new 5-year lease term for ENT services. AHN Cancer Institute occupies approximately 20% of the property and operates an outpatient oncology platform that includes medical oncology, infusion therapy, immunotherapy, and coordinated cancer care.
Strategically located approximately 2.5 miles from UPMC Jameson, the center is positioned to support regional outpatient care needs within a healthcare corridor. With medical suites already built out for clinical operations, the property offers prospective tenants a more functional, turnkey starting point while maintaining durable in-place income from major healthcare providers and additional space available for lease-up.
Key Highlights
- 2011‑built outpatient medical office building at 3124 Wilmington Road in New Castle, PA
- 79% occupied with built‑out medical suites, reducing downtime and tenant improvement needs
- UPMC occupies about 27% of the building and recently expanded by 2,600 SF
Local Financial Insights For Healthcare Medical
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 | $600.9k | $15.00 |
| − Vacancy | −$45.1k | −$1.13 |
| EGI | $555.8k | $13.88 |
| − OpEx | −$222.3k | −$5.55 |
| NOI | $333.5k | $8.33 |
40,059 SF · lease $15.00/SF/yr · vacancy 7.50% · expense 40.00%
Alternative Uses
Best Use
Office B
$7.31M
$6.40M – $8.53M
NOI $511,738 @ 7.0% cap · market cap 12.79%
Second Best
Healthcare Medical
$4.76M
$4.17M – $5.56M
NOI $333,491 @ 7.0% cap · market cap 8.34%
Theoretical Best
Warehouse
$48.66M
$42.57M – $56.77M
NOI $3,405,908 @ 7.0% cap · market cap 85.15%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
Janet Stoddard
Physician
Nathaniel Doe
Physician
Leonidas Vassilaros
Physician
Kathleen Padgitt
Physician
Family Hospice and Palliative ...
Nursing Home
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FAQs
What type of property is this?
Medical center - Anchored outpatient facility with built-out suites and in-place UPMC and Allegheny Health Network medical services.
Where is this medical center located?
The property is located at 3124 WILMINGTON RD New Castle, PA.
What is the asking price?
The asking price for this property is $4,000,000.
What are key features of this property?
This property features: 2011‑built outpatient medical office building at 3124 Wilmington Road in New Castle, PA; 79% occupied with built‑out medical suites, reducing downtime and tenant improvement needs; UPMC occupies about 27% of the building and recently expanded by 2,600 SF
