Pennsylvania State Agency
For Sale
Contact for pricing
Pending
201 W Wheeling St, Washington, PA 15301
Strategically positioned 9-building portfolio 100% leased to Commonwealth of Pennsylvania.
Property Size147,427 SF
Days on Market1117
Property Features for 201 W Wheeling St
General Information
Standard status
Pending
Size
147,427 SF
Property subtype
Office
Occupancy
100%
Investment Type
Stabilized
Net Operating Income
$1,396,287
Building Details
Buildings
9
Tenancy
Multi
Listing Agency:
CBRE - Pittsburgh
(412) 394-9804
Listed By:
Kyle Prawdzik · License #PA RS305573
Source:
Crexi
Added: Aug 1, 2023
Changed: Aug 8
Last Checked: Aug 20 at 8:40PM
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 CBRE - Pittsburgh
Investment Insights
Based on property information with market context.
The Pennsylvania State Agency Portfolio features nine strategically positioned buildings located throughout Western and Central Pennsylvania. The portfolio encompasses a total of 147,427 square feet and is fully leased to the Commonwealth of Pennsylvania, through the Pennsylvania Department of General Services (DGS). Tenants include the Department of Human Services, Department of Revenue, Department of Labor & Industry, and Pennsylvania State Police. The Pennsylvania Department of General Services, established in 1975, supports the business operations of all government agencies of the Commonwealth of Pennsylvania. The DGS demonstrates long-term commitment to established locations for their agencies and frequently renews leases. The properties are located in cities including Uniontown, Meadville, Harrisburg, Erie, Woodland, Girard, Lewistown, and Washington. The tenants continue to renew their leases and show commitment to these locations, with an in-place weighted average length of tenancy of 34.4 years.
Key Highlights
- 100% leased to the Commonwealth of Pennsylvania, ensuring stable income.
- Strategically located portfolio of 9 buildings throughout Western and Central Pennsylvania.
- In‑place weighted average length of tenancy of 34.4 years**, demonstrating long‑term tenant commitment.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
1,317
Businesses Nearby
Explore this area
Business Placement
Demographics for 15301, PA
48,963
Population
24,001
Households
2
Avg Household Size
45
Median Age
27%
College-Educated
92%
High-School Grad
122.0 sq mi
ZIP Area
401
Density / Sq Mi
$69,275
Median Household Income
$43,546
Median Earnings
$927
Median Rent
$205,800
Median Home Value
Market
Vacancy Rate% for Office in Northeast region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Office building - Strategically positioned 9-building portfolio 100% leased to Commonwealth of Pennsylvania.
Where is this office building located?
The property is located at 201 W Wheeling St Washington, PA.
What is the asking price?
The asking price for this property is $11,636,000.
What are key features of this property?
This property features: 100% leased to the Commonwealth of Pennsylvania, ensuring stable income.; Strategically located portfolio of 9 buildings throughout Western and Central Pennsylvania.; In‑place weighted average length of tenancy of 34.4 years**, demonstrating long‑term tenant commitment.
