105 Brandt Dr, Cranberry Twp, PA 16066-6437
- Commercial real estate
- 1.80 lot acres
Current Use by Public Records
- Dr. Jane Manly / Physician
- Erik Michael Happ / Ophthalmologist
- Scott & Christie Eyecare Associates / Ophthalmologist
- George Grisnik / Physician
- Shelley Diggins / Physician
Property Details for 105 Brandt Dr
- Lot size
- 1.80 lot acres
- Property type
- Commercial real estate
- APN
- 1304F108 26ABA0000
- APU
- 1304F10826ABA0000
Sales History
| Date | Price | Buyer | Seller | Deed Type | Mortgage |
|---|---|---|---|---|---|
| Apr 11, 2025 | $7,500,000 | 105 Cranberry LLC | Mmpf II Cranberry Brandt Dr LLC | Special Warranty Deed | $5.3M · The Commercial & Savings Bank |
| Mar 3, 2021 | $7,650,000 | Mmpf II Cranberry Brandt Dr LLC | William C Christie | Special Warranty Deed | $66.3M · Capital One Bank NA |
Description
This exceptional investment opportunity presents a Class A, 20,650 square foot medical office building situated on 1.8 acres in Cranberry Township, Pennsylvania. The property is 100% occupied under an absolute triple-net (NNN) lease with EyeSouth Partners, a leading national eyecare provider, with a corporate guarantee. The 12-year lease, commencing March 1, 2021, and expiring February 28, 2033, has 8.3 years remaining, offering significant long-term stability. Rent escalates 2.0% annually, and the lease includes two five-year renewal options. The building, constructed in 2003, features two stories and provides 3.9 parking spaces per 1,000 square feet. The property boasts a strong net operating income (NOI) of $547,301, resulting in a 6.50% cap rate and a price per square foot of $407.75. Located in a thriving healthcare corridor, this single-tenant asset offers a secure and attractive investment with substantial upside potential due to the tenant's strong performance and the area's robust demographics. The property's strategic location within the Pittsburgh MSA, coupled with its proximity to major healthcare facilities, ensures continued high occupancy and strong rental income. The asking price is $8,420,000.
Value Estimations
-
AI approach
- Method
- Estimation
- Statistic approach
- $7,730,000
- ML approach
- $8,025,000
Get a detailed, property-specific estimation — fast and free
Location Insight
- Map
- Local Demand
- City
- Cranberry Twp
- County
- Butler
- State
- Pennsylvania
- Longitude
- -80.1061
- Latitude
- 40.692
- CBSA code
- 38300
- CBSA name
- PITTSBURGH, PA METROPOLITAN STATISTICAL AREA
