Outpatient Medical Office
For Sale
Contact for pricing
Pending
3124 WILMINGTON RD, New Castle, PA 16105
Anchored outpatient facility with built-out suites and in-place UPMC and Allegheny Health Network medical services.
Property Size40,059 SF
Days on Market148
Property Features for 3124 WILMINGTON RD
General Information
Standard status
Pending
Size
40,059 SF
Class
B
Property subtype
Office
Occupancy
79%
Lease Type
NNN
Investment Type
Value Add
Net Operating Income
$351,831
Building Details
Year Built
2011
Stories
4
Tenancy
Multi
Listing Agency:
Zeustra Inc
Listed By:
Nick Myers · License #PA RS322215
Source:
Crexi
Added: May 27
Changed: Oct 7
Last Checked: Oct 20 at 6:19PM
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
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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
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$333,491
Cap Rate
9.01%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$6,669,820
$6.7M
Cap Rate 7%
$4,764,157
$4.8M
Cap Rate 9%
$3,705,456
$3.7M
Market Conditions
NOI Build-Up for 40,059 SF
Gross rent
$600.9K $15.00/SF
− Vacancy
−$45.1K −$1.13/SF
EGI
$555.8K $13.88/SF
− OpEx
−$222.3K −$5.55/SF
NOI
$333.5K $8.33/SF
Area
Lawrence County, PA
Vacancy
7.50%
Lease Rate
$15.00 /SF/Yr
Expense Ratio
40.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$6,669,820
Cap Rate 7%
$4,764,157
Cap Rate 9%
$3,705,456
Alternative Uses
Best Use
Office B
$7.31M
$6.40M – $8.53M
NOI $511,738 @ 7.0% cap · market cap 13.83%
Second Best
Healthcare Medical
$4.76M
$4.17M – $5.56M
NOI $333,491 @ 7.0% cap · market cap 9.01%
Theoretical Best
Warehouse
$48.66M
$42.57M – $56.77M
NOI $3,405,908 @ 7.0% cap · market cap 92.05%
Zoning and permitted uses should be independently verified with authorities.
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Current Use
Location Intelligence
Trade Area within ½ mile
429
Businesses Nearby
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Business Placement
Demographics for 16105, PA
15,420
Population
7,249
Households
2.1
Avg Household Size
49
Median Age
35%
College-Educated
95%
High-School Grad
25.6 sq mi
ZIP Area
602
Density / Sq Mi
$67,256
Median Household Income
$46,539
Median Earnings
$965
Median Rent
$175,100
Median Home Value
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Office in Northeast region
Frequently Asked Questions
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 $3,700,000.
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
