800 Manor DrWashington, PA 15301

Property Details for 800 Manor Dr

Lot size

3.10 AC

Property type

Other commercial real estate

APN

600-005-07-00-0003-00

APU

6000050700000300

Description

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.

• Alternative Use

  Use

  Valuation

  Residential

  $29,394,592

  Hospitality

  $26,925,288

  Educational

  $22,401,524

  Medical

  $23,171,946

  Retail

  $34,846,816

Location Insight

City

Washington

County

Washington

State

Pennsylvania

Latitude

40.1794

Longitude

-80.2203

CBSA code

38300

CBSA name

PITTSBURGH, PA METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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