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800 Manor Dr Washington, PA 15301

For Sale
$11,999,000

Pennsylvania medical facility, high occupancy, strong ROI

Property size:
40,519 SF

Description

Added:
Dec 11, 2024
Days on Market:
370
Exceptional investment opportunity in Washington, PA, featuring a 40,519 square foot, two-story medical office building currently operating as a 62-bed inpatient rehabilitation facility. This single-tenant property boasts 100% occupancy with a triple-net lease extending to June 2032, providing a stable and predictable cash flow. The lease includes annual rent increases, initially at 3% annually until June 2025, and subsequently tied to the Mid-Atlantic Consumer Price Index, offering inflation protection. The facility provides critical addiction and mental health services, including drug and alcohol detoxification and inpatient rehabilitation, and is strategically located directly off Interstate 79, offering easy access to major transportation arteries and the greater Pittsburgh metropolitan area. Situated on a 3.1-acre lot with adjacent parking for 57 vehicles, this property presents a compelling investment opportunity with an 8% cap rate and a net operating income (NOI) of $959,895. The asking price is $11,999,000, translating to $296.13 per square foot. The tenant, Greenbriar Treatment Center, is part of Gateway Rehabilitation Centers, a leading provider in the region, ensuring long-term stability and operational excellence. This property offers a unique blend of strong financial performance, essential healthcare services, and prime location, making it an attractive addition to any investment portfolio.

Property Features for 800 Manor Dr

General Information

Property type
Medical offices
Square Feet
40,519 SF
Lot Size
135,036 SF

Building Details

Stories
2

HighLights

  • Single‑tenant, net‑leased medical facility; 40,519 SF, 100% occupied by Greenbriar Treatment Center, 8.9 years remaining on initial lease term.
  • Lease includes 3% annual rent increases through June 2025, then CPI adjustments through June 2032.
  • 62‑bed inpatient medical facility specializing in drug and alcohol detoxification and rehabilitation; sole inpatient detoxification facility within Greenbriar's Pittsburgh MSA locations.
  • Owned by Gateway Rehabilitation Centers, a leading provider of drug and alcohol treatment in the Pittsburgh MSA.
  • Excellent accessibility via PA‑136, providing easy access to I‑70, I‑79, and Route 19.
Property Profile Insight Report Location Intelligence

Current Use by Public Records

GRC: The Greenbriar Center, ... Addiction Treatment Center

Suggested Use

Restaurant Realty agency Law Firm Building Supply Spa & Massage Dental Office Wholesale Shop Auto Repair Shop Hair Salon Clothing Store

Zoning and permitted uses should be independently verified with local authorities.

Location Insight

  • Map
  • Local Demand
City
Washington
County
Washington
State
Pennsylvania
Longitude
-80.2203237
Latitude
40.1796108

FAQs

What type of property is this?
Medical office - Pennsylvania medical facility, high occupancy, strong ROI
Where is this medical office located?
The property is located at 800 Manor Dr Washington, PA.
What is the asking price?
The asking price for this property is $11,999,000.
What are key features of this property?
This property features: Single-tenant, net-leased medical facility; 40,519 SF, 100% occupied by Greenbriar Treatment Center, 8.9 years remaining on initial lease term.; Lease includes 3% annual rent increases through June 2025, then CPI adjustments through June 2032.; 62-bed inpatient medical facility specializing in drug and alcohol detoxification and rehabilitation; sole inpatient detoxification facility within Greenbriar's Pittsburgh MSA locations.
More about this property
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