131 Rebecca Ln Slippery Rock, PA 16057

Property Details for 131 Rebecca Ln

Lot size

4.04 lot acres

Property type

Commercial real estate

APN

510 S6 AAA0000

APU

510S6AAA0000

Description

This exceptional investment opportunity presents a 25,300-square-foot, single-tenant office building in Slippery Rock, Pennsylvania. Fully occupied by the Department of Defense's Defense Counterintelligence and Security Agency and Office of Personnel Management under a single, GSA-guaranteed lease (AA+ S&P rating), this property offers unparalleled security and stability. Constructed in 2009 and extensively renovated in 2024 following a recent lease renewal, the building boasts a 31.75% rental increase upon renewal in September 2024, with an additional 10% shell rent increase in year six. The property features a private entryway, ample parking on a 4.7-acre lot, and enjoys a highly desirable location adjacent to a shopping plaza with various restaurants and services. Its proximity to Slippery Rock University (9,000+ students and staff) and the Iron Mountain secure information storage facility further enhances its strategic value. Strong demographics, including a daytime population exceeding 19,600 within a 5-mile radius and average household incomes over $80,000 within 1 mile, contribute to a robust investment profile. Located just 45 miles from downtown Pittsburgh, this asset offers a compelling blend of security, growth potential, and location within the Greater Pittsburgh Metropolitan Area. The asking price is $6,029,160, representing a 7.50% cap rate and a net operating income (NOI) of $452,187. This fee-simple ownership opportunity is offered with a broker co-op.

Location Insight

City

Slippery Rock

County

Butler

State

Pennsylvania

Longitude

-80.0537

Latitude

41.073

CBSA code

38300

CBSA name

PITTSBURGH, PA METROPOLITAN STATISTICAL AREA

Property Tax & Assessments