310 Alpha Dr, Pittsburgh, PA 15238-2908
- Industrial land
- 0.88 lot acres
Current Use by Public Records
- A G Mauro Company / Big Box & Wholesale Store
Property Details for 310 Alpha Dr
- Lot size
- 0.88 lot acres
- Property type
- Industrial land
- APN
- 227-M-45
- APU
- 227M45
Description
This exceptional investment opportunity presents a fully occupied, 32,000-square-foot warehouse located at 310 Alpha Dr in Pittsburgh, Pennsylvania's RIDC Park. Built in 1972, this industrial property offers a strong 7.00% cap rate and a substantial net operating income (NOI) of $272,000 annually. The property features five loading docks, ample on-site parking, and benefits from convenient access to Route 28 and I-76, making it ideal for warehousing and distribution. Currently operating under a triple-net (NNN) lease, the tenant has a seven-year initial lease term in place with two five-year extension options, ensuring long-term income stability. The 100% occupancy rate further solidifies this investment's appeal. Situated in Allegheny County, zip code 15238, this property represents a turnkey investment in a thriving industrial area of Pittsburgh. This is a rare opportunity to acquire a high-performing asset with significant potential for future growth within a prime location. The property's strong financials, coupled with its strategic location and long-term lease, make it an attractive proposition for discerning investors seeking a stable and profitable addition to their portfolio.
Value Estimations
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Location Insight
- Map
- Local Demand
- City
- Pittsburgh
- County
- Allegheny
- State
- Pennsylvania
- Longitude
- -79.8672
- Latitude
- 40.4955
- CBSA code
- 38300
- CBSA name
- PITTSBURGH, PA METROPOLITAN STATISTICAL AREA
